AS Company announced earnings results for the half year ended June 30, 2016. For the period, the company reported sales turnover of EUR 10.46 million compared to EUR 10.25 million a year ago. EBIT was EUR 1.44 million compared to EUR 1.72 million a year ago. EBITDA was EUR 1.63 million compared to EUR 1.91 million a year ago. Pretax profit was EUR 1.38 million compared to EUR 1.53 million a year ago. Net profit was EUR 0.98 million or 3.75 cents per share compared to EUR 1.20 million or 4.58 cents per share a year ago. The fall in profitability is mainly attributed to the decrease of gross profit margin by 5.7% resulting from the increased cost of imported goods and to the implementation of new commercial policy by the company. The company's net debt on June 30, 2016, taking into account short-term investments in financial products, was still negative and amounted to EUR 5.22 million as compared to EUR 4.54 million on December 31, 2015.