MirLand Development Corporation Plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of $7,591,000 against $39,143,000 a year ago. Operating loss was $20,681,000 against income of $1,220,000 a year ago. Loss before taxes on income was $17,724,000 against $176,481,000 a year ago. Net loss attributable to equity holders of the parent was $14,591,000 or $0.14 basic and diluted per share against $12,673,000 or $0.1 basic and diluted per share a year ago. Net cash generated from operating activities was $2,215,000 against net cash used in operating activities of $2,400,000 a year ago. Additions to investment properties under construction were $210,000 against $916,000 a year ago. EBITDA was $1.2 million against $3.1 million a year ago.