Investimentos Participacoes e Gestao SA (INAPA) reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net loss attributable to shareholders of the company of 656,000 or EUR 0.004 per diluted share on sales and service rendered of EUR 216,984,000 compared to net loss attributable to shareholders of the company of EUR 699,000 or EUR 0.004 per diluted share on sales and service rendered of EUR 233,071,000 reported in the same period last year. Total Income was EUR 222,328,000 against EUR 239,424,000 reported last year. Net loss before income tax was EUR 861,000 against EUR 468,000 reported last year. Net cash generated from operating activities was EUR 4,974,000 against EUR 225,000 reported last year. Payments in respect of tangible fixed assets were EUR 353,000 against EUR 480,000 reported last year. Payments in respect of intangible assets were EUR 375,000 against EUR 66,000 reported last year. EBIT was EUR 3.3 million against EUR 4.1 million reported last year.

For the six months, the company reported net profit attributable to shareholders of the company of EUR 520,000 or EUR 0.003 per diluted share on sales and service rendered of EUR 447,738,000 compared to net profit attributable to shareholders of the company of EUR 277,000 or EUR 0.002 per diluted share on sales and service rendered of EUR 478,761,000 reported in the same period last year. Total Income was EUR 459,524,000 against EUR 491,287,000 reported last year. Net profit before income tax was EUR 836,000 against EUR 1,134,000 reported last year. Net cash generated from operating activities was EUR 20,706,000 against EUR 15,121,000 reported last year. Payments in respect of tangible fixed assets were EUR 667,000 against EUR 577,000 reported last year. Payments in respect of intangible assets were EUR 545,000 against EUR 201,000 reported last year. EBIT was EUR 8.5 million against EUR 10.3 million reported last year. Net debt on June 30, 2013 was EUR 331.9 million against EUR 355.1 million reported a year ago.