Investimentos Participacoes e Gestao SA Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
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.