Italeaf S.p.A. reported consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of EUR 6,906,650 compared to EUR 17,566,969 a year ago. Operating loss was EUR 7,713,573 compared to EUR 4,238,053 a year ago. Net loss before taxes was EUR 9,890,686 compared to EUR 1,345,043 a year ago. Net loss for the period was EUR 6,856,226 compared to EUR 2,959,538 a year ago. Basic and diluted loss per share was EUR 0.445 compared to EUR 0.207 a year ago. Net loss for the period attributable to the Group was EUR 6,868,938 compared to EUR 3,193,990 a year ago. For the six months, the company reported revenues of EUR 35,764,731 compared to EUR 47,142,145 a year ago. Operating loss was EUR 6,476,319 compared to profit of EUR 2,338,796 a year ago. Net loss before taxes was EUR 9,895,044 compared to EUR 717,752 a year ago. Net loss for the period was EUR 6,585,092 compared to EUR 2,635,362 a year ago. Basic and diluted loss per share of EUR 0.314 compared to EUR 0.199 a year ago. Net loss for the period attributable to the Group was EUR 6,758,175 compared to EUR 3,072,834 a year ago. Net cash flow generated by operating activities was EUR 5,321,531 compared to EUR 9,176,869 a year ago. Investments in tangible fixed assets were EUR 572,665 compared to EUR 1,223,153 a year ago. Investments in intangible fixed assets were EUR 3,665,350 compared to EUR 1,379,582 a year ago.