Cognor S.A. announced group earnings results for the second quarter ended June 30, 2016. For the quarter, the company reported revenue of PLN 369,507,000 against PLN 353,147,000 a year ago. EBIT was PLN 24,102,000 against PLN 10,896,000 a year ago. Loss before tax was PLN 3,514,000 against PLN 10,354,000 a year ago. Profit for the period was PLN 538,000 against loss for the period of PLN 6,902,000 a year ago. EBITDA was PLN 34,418,000 against PLN 19,545,000 a year ago. Adjusted EBITDA was PLN 33,529,000 against PLN 18,101,000 a year ago. Adjusted net result was PLN 12,601,000 against PLN 246,000 a year ago. Net cash flow from operating activities was PLN 25,279,000 against PLN 4,976,000 a year ago. The group had a positive operating cash flow in second quarter 2016 due to positive EBITDA and the inflow of cash from working capital at the amount of PLN 10.3 million. Investment cash flow was negative due to acquisition of property plant and equipment at the amount of PLN 6.9 million. This was partially offset by the proceeds from sales of such assets at the amount of PLN 1.3 million. Net debt as at June 30, 2016 was PLN 429,660,000 against PLN 487,295,000 as at June 30, 2015.