Liq Participações S.A. announced earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net operating revenue was BRL 351.1 million against BRL 442.7 million a year ago. LBITDA was BRL 32.6 million against EBITDA of BRL 6.2 million a year ago. LBIT was BRL 49.7 million against BRL 21.3 million a year ago. Loss before taxes was BRL 43.6 million against BRL 69.1 million a year ago. Net loss was BRL 108.8 million against BRL 100.4 million a year ago. Net cash used in operating activities was BRL 6.8 million against BRL 5.3 million a year ago. Capex was BRL 6.8 million against BRL 5.3 million a year ago. Adjusted LBITDA was BRL 26.4 million against adjusted EBITDA of BRL 6.2 million a year ago. For the six months, the company reported net operating revenue was BRL 719.5 million against BRL 888.3 million a year ago. LBITDA was BRL 55.1 million against BRL 2.2 million a year ago. LBIT was BRL 89.1 million against BRL 58.2 million a year ago. Loss before taxes was BRL 122.7 million against BRL 147.8 million a year ago. Net loss was BRL 174.3 million against BRL 178.5 million a year ago. Net cash used in operating activities was BRL 8.8 million against BRL 11 million a year ago. Capex was BRL 8.8 million against BRL 11.0 million a year ago. Adjusted LBITDA was BRL 38.4 million against adjusted EBITDA of BRL 7.4 million a year ago. Net debt was BRL 44.9 million compared to BRL 1,323.2 million a year ago. For the quarter, on IFRS Consolidated base, the company reported net revenue was BRL 351.1 million against BRL 442.7 million a year ago. Loss before taxes was BRL 43.6 million against BRL 69.1 million a year ago. Net loss was BRL 108.8 million against BRL 100.4 million a year ago. LBITDA was BRL 32.6 million against EBITDA of BRL 6.2 million a year ago. Net cash used in operating activities was BRL 6.8 million against BRL 5.3 million a year ago. For the six months, on IFRS Consolidated base, the company reported net revenue was BRL 719.5 million against BRL 888.3 million a year ago. Loss before taxes was BRL 122.7 million against BRL 147.8 million a year ago. Net loss was BRL 174.3 million against BRL 178.5 million a year ago. LBITDA was BRL 55.1 million against BRL 2.2 million a year ago.