Investimentos Participacoes e Gestao SA (INAPA) reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company has posted total income of €224,530,000 against €246,407,000 a year ago. Net profit before income tax was €2,444,000 against €2,616,000 a year ago. Net loss for the period was €2,725,000 against €2,056,000 a year ago. Loss attributable to shareholders of the company was €2,744,000 or €0.018 basic and diluted per share against €2,054,000 or €0.014 basic and diluted per share a year ago. Net cash generated from operating activities was €18,758,000 against €5,500,000 a year ago. Payments in respect of financial investments were €742,000 against €8,000 a year ago. Payments in respect of tangible fixed assets were €307,000 against €423,000 a year ago. Payments in respect intangible assets were €307,000 against €423,000 a year ago.

For the nine months, the company has posted total income of €715,817,000 against €774,431,000 a year ago. Net profit before income tax was €1,310,000 against €537,000 a year ago. Net loss for the period was €2,328,000 against €801,000 a year ago. Loss attributable to shareholders of the company was €2,467,000 or €0.017 basic and diluted per share against €945,000 or €0.006 basic and diluted per share a year ago. Net cash generated from operating activities was €33,879,000 against €18,171,000 a year ago. Payments in respect of financial investments were €4,369,000 against €815,000 a year ago. Payments in respect of tangible fixed assets were €884,000 against €1,088,000 a year ago. Payments in respect intangible assets were €209,000 against €674,000 a year ago.