Cyprus Forest Industries Public Ltd. reported consolidated earnings results for the half year ended June 30, 2017. For the period, the company reported turnover of EUR 4,440,188 against EUR 3,545,024 a year ago. Loss from operations before financing costs was EUR 201,987 against EUR 301,329 a year ago. Profit for the period before taxation was EUR 1,205,765 against loss for the period before taxation EUR 486,879 a year ago. Profit for the period attributable to the company's owners was EUR 1,182,923 against loss for the period attributable to the company's owners of EUR 468,918 a year ago. Basic and fully diluted earnings per share were 38.66 cents against loss per share of 15.33 cents a year ago.

Based on current data, the Board of Directors continues to believe that the results for 2017 will be substantially improved compared to the losses of the corresponding period of last year.