Liq Participações S.A. reports earnings results for the first quarter of 2018. For the quarter, the company reported net operating revenue of BRL 368.4 million as compared to BRL 445.6 million for the same period last year. LBITDA was BRL 22.5 million as compared to BRL 8.3 million for the same period last year. LBIT was BRL 39.4 million as compared to BRL 36.9 million for the same period last year. Net loss was BRL 65.5 million as compared to BRL 78.1 million for the same period last year. Capex was BRL 2.0 million as compared to BRL 5.7 million for the same period last year. Loss before income tax was BRL 79.2 million as compared to profit of BRL 126.0 million for the same period last year. Net Cash from­ Operating Activities was BRL 22.2 million as compared to Net Cash for­ Operating Activities BRL 66.8 million for the same period last year.