Tecnotree Corporation announced unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net sales were EUR 15.1 million against EUR 16.2 million a year ago. Adjusted operating result was EUR 3.6 million against EUR 1.0 million a year ago. Operating result was EUR 3.1 million against EUR 1.0 million a year ago. Result before taxes was EUR 2.2 million against loss before tax of EUR 1.4 million a year ago. Adjusted result for the period was EUR 1.2 million against adjusted loss for the period of EUR 2.6 million a year ago. Result for the period was EUR 0.7 million against loss for the period of EUR 2.6 million a year ago. Basic earnings per share was EUR 0.01 against basic loss per share of EUR 0.02 a year ago.

For the year 2017, the company estimates that its net sales will be less than in the previous year, but the operating result will improve.