Zenitel reported earnings results for the first six months of 2017. For the period, revenue amounted to EUR 30.2 million compared to last year's EUR 34.2 million, which is 11.7% lower than last year mainly due to postponements in the maritime market and the oil & gas industry. Order intake for the first six months of 2017 was higher compared to the first six months of 2016. EBITDA was EUR 2.2 million compared to EUR 2.4 million in 2016. Company has implemented and continues cost reduction programs with focus on product cost and operational efficiency. These programs are improving the company's gross margin and operating performance. Operating profit (EBIT) amounted to EUR 1.3 million compared to EUR 1.2 million last year. Net profit was EUR 0.7 million against EUR 1.1 million last year. The decrease was mainly related to foreign exchange losses, which increased EUR 0.4 million compared to last year.