Minoan Lines Shipping SA announced group and parent earnings results for the first quarter ended March 31, 2012. For the quarter, on consolidated basis, the company reported revenue of EUR 31,635,402.28 against EUR 34,533,781.58 a year ago. Operating loss before financing costs was EUR 10,383,680.78 against 7,821,628.91 a year ago. Loss before tax was EUR 13,239,429.11 against EUR 10,471,301.28 a year ago. Loss attributable to owners of the parent company was EUR 13,244,104.55 against EUR 10,476,915.34 a year ago. Basic and Diluted Losses per Share after tax was EUR 0.1867 against EUR 0.1477 a year ago. Net cash flow used in operating activities was EUR 5,099,944.35 against EUR 3,029,952.62 a year ago. Purchase of property, plant and equipment were EUR 37,398.13 against EUR 142,070.88 a year ago. On parent basis, the company reported revenue of EUR 31,610,018.81 against EUR 34,509,248.60 a year ago. Operating loss before financing costs was EUR 10,400,183.21 against 7,843,223.56 a year ago. Loss before tax was EUR 13,256,024.18 against EUR 10,492,848.40 a year ago. Loss attributable to owners of the parent company was EUR 13,256,024.18 against EUR 10,492,848.40 a year ago. Basic and Diluted Losses per Share after tax was EUR 0.1867 against EUR 0.1477 a year ago. Net cash flow used in operating activities was EUR 5,095,744.20 against EUR 3,032,916.57 a year ago. Purchase of property, plant and equipment were EUR 37,398.13 against EUR 142,070.88 a year ago.