Cognor S.A. announced group earnings results for the second quarter ended June 30, 2017. For the quarter, the company reported revenue of PLN 404,312,000 against PLN 369,507,000 a year ago. EBIT was PLN 22,081,000 against PLN 24,102,000 a year ago. Profit before tax was PLN 8,439,000 against loss before tax of PLN 3,514,000 a year ago. Profit for the period was PLN 6,435,000 against PLN 538,000 a year ago. EBITDA was PLN 32,028,000 against PLN 33,418,000 a year ago. Adjusted EBITDA was PLN 31,223,000 against PLN 32,926,000 a year ago. Adjusted net result was PLN 6,377,000 against PLN 12,964,000 a year ago. Net cash flow from operating activities was PLN 31,678,000 against PLN 25,279,000 a year ago. Net debt was PLN 419,452,000 against PLN 429,660,000 a year ago. The Group had a positive operating cash flow in second quarter of 2017 due to positive EBITDA. The net debt decrease was due to good financial results and the lack of any significant FX impact on indebtedness.