Thunderbird Resorts Inc. announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported total revenue of $19,476,000 against $21,023,000 a year ago. Operating profit was $702,000 against $421,000 a year ago. Loss before tax was $1,346,000 against $2,179,000 a year ago. Loss for the year from continuing operations was $1,489,000 against $2,348,000 a year ago. Loss for the year attributable to owners of the parent was $1,878,000 against gain attributable to owners of the parent of $4,372,000 a year ago. Basic and diluted loss per share from continuing operations was $0.07 against $0.10 a year ago. Basic and diluted loss per share was $0.08 against basic and diluted gain per share of $0.19 a year ago. Net cash generated from continuing operations was $384,000 against net cash used in continuing operations of $611,000 a year ago. Net cash from operating activities was $384,000 against net cash used in operating activities of $534,000 a year ago. Expenditure on property, plant and equipment was $226,000 against $2,754,000 a year ago. Adjusted EBITDA (after deducting Corporate-level expenses) reduced by $333,000 or 18.1% on a USD basis as compared to Half-year 2015. However, under a currency neutral analysis (in which the same exchange rate would be applied to both periods), the group's adjusted EBITDA decreased by only $31,000 or 2.0% as compared to 2015. The $333,000 reduction of Adjusted EBITDA was driven by $1.5 million in decreased revenues for the group, meaning that the group has also made corresponding cuts in expense to offset the revenue loss as reported in US dollars. Moreover, under a currency neutral analysis (in which the same exchange rate would be applied to both periods), group revenue would actually have reduced by only $37,000 meaning that a reduction in revenue was in fact primarily an issue of foreign exchange. Loss from Continuing Operations improved by $906,000 or 38.8%. The improvement is the result of reduced interest and financing costs and higher Other gains as compared to Half-year 2015. Other gains are mainly related to the sale of the office building in Panama. Property EBITDA was $3,225,000 against $4,017,000 a year ago. Net Debt as at June 30, 2016 was $28,193,000.