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Loss attributable to shareholders of the Company for this quarter was $4.2 million, (or $0.01 per share), compared to a profit of $20.7 million, (or $0.03 per share) in the third quarter of 2016.
The difference between quarters was mainly due to lower gross profit year over year of $18.7 million, a loss of $26.4 million related to certain surplus equipment written down to its estimated recoverable amounts, offset by a realized gain of marketable securities of $27.3 million. Adjusted net earnings for the quarter were $1.3 million ($0.00 per share) as compared to an adjusted net earnings of $33.5 million ($0.05 per share) for the third quarter of 2016..
iphone 8 plus case They will all be available to answer your questions during the Q session that follows.Before we begin, I would like to remind you that this call may contain forward looking statements made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are based on management's current expectations and current market and operating conditions and relate to the events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ materially from those in the forward looking statements.Furthermore I would like to remind you that the company's proposed acquisition of Tantan Limited has not been completed and is subject to course and conditions.
While we expect to close that acquisition in the second quarter of 2018, we cannot assure you that such closing will take place during such quarter or at all.For the information regarding these and other risks, uncertainties, and factors is included in the company's filings with the US Securities and Exchange Commission. iphone 8 plus case
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