Investimentos Participacoes e Gestao SA (INAPA) reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's sales and service rendered was EUR 230,754,000 against EUR 245,690,000 a year ago. Total income was EUR 237,195,000 against EUR 251,862,000 a year ago. Net profit before income tax was EUR 1,697,000 against EUR 1,601,000 a year ago. Net profit attributable to the shareholders of the company was EUR 1,176,000 against EUR 976,000 a year ago. Basic and diluted earnings per share of continued operations were EUR 0.008 against EUR 0.007 a year ago. Net cash generated from operating activities was EUR 15,732,000 against EUR 14,896,000 a year ago. Payments in respect of tangible fixed assets were EUR 314,000 against EUR 97,000 a year ago. Payments in respect of intangible fixed assets were EUR 170,000 against EUR 135,000 a year ago. Re-EBITDA was EUR 6.6 million against EUR 7.8 million a year ago. EBIT was EUR 5.1 million against EUR 6.2 million a year ago. Net debt as at March 31, 2013 was EUR 333.3 million against EUR 347.1 million a year ago.

For the quarter, impairment to current assets were EUR 1,307,000 against EUR 867,000 a year ago.