Triyards Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2017. For the quarter, the company reported revenue of $70,644,000 against $70,485,000 reported last year. Profit from operations was $4,353,000 against $6,997,000 reported last year. Loss before tax was $5,658,000 against profit before tax of $5,875,000 reported last year. Loss after tax, attributable to owners of the company was $6,250,000 against profit after tax, attributable to owners of the company of $5,282,000 reported last year. Net cash used in operating activities was $24,804,000 against $25,270,000 reported last year. Purchase of fixed assets was $2,965,000 against $2,982,000 reported last year. Additions to intangible assets were $271,000 against $1,000 reported last year. Adjusted EBITDA was $7,394,000 against $9,906,000 a year ago. Adjusted PBT was $2,708,000 against $5,875,000 a year ago. Adjusted Earnings per share was 1.29 cents against 3.53 cents per share a year ago. Net tangible assets per share was 64.19 cents against 64.60 cents a year ago. Net asset value per share was 67.25 cents against 67.15 cents a year ago. For the six months, the company reported revenue was $161,843,000 against $148,610,000 reported last year. Profit from operations was $7,967,000 against $15,009,000 reported last year. Loss before tax was $3,661,000 against profit before tax of $12,887,000 reported last year. The loss before tax was mainly due to allowance for doubtful receivables made as mentioned above. Loss after tax, attributable to owners of the company was $4,183,000 or $1.29 per basic and diluted share against profit after tax, attributable to owners of the company of $11,439,000 or $3.53 per basic and diluted share reported last year. Net cash used in operating activities was $48,114,000 against $23,877,000 reported last year. Purchase of fixed assets was $3,628,000 against $6,544,000 reported last year. Additions to intangible assets were $822,000 against $77,000 reported last year. Net asset value per ordinary share was $67.25 against $68.90 reported last year. Net debt as at February 28, 2017 was $175,158,000.