Gascogne Group announced audited earnings results the first half of 2016. For the period, Sales were EUR 212.8 million against EUR 218.9 million a year ago. Sales down 2.9% on the first half of 2015, mainly due to the Paper Division. EBITDA was EUR 11.7 million against EUR 10.8 million a year ago. Operating profit was EUR 6.0 million against EUR 7.3 million a year ago. Underlying operating loss was EUR 47.0 million against EUR 6.4 million a year ago. Pre-tax loss was EUR 4.9 million against EUR 7.0 million a year ago. Consolidated net loss was EUR 5.1 million against EUR 7.2 million a year ago.Net debt was EUR 97.6 million against EUR 96.00 million a year ago. Operating cash flow was EUR 8.2 million against negative operating cash flow of EUR 17.3 million a year ago.