Northland Resources S.A. reported consolidated earnings results for the fourth quarter and year ended Dec. 31, 2013. For the quarter, the company's net sales were USD 42.0 million compared to USD 0.2 million a year ago. Net sales and deliveries were negatively affected by capacity limitations in the transportation chain due to the lack of truck and rail capacity, partly resulting from delayed ordering of equipment as a consequence of the restructuring. The company had a net loss of USD 35.2 million or USD 3.84 per share, fully diluted compared to a net loss of USD 5.6 million or USD 1.06 per share, fully diluted in fourth quarter of 2012. The operating loss was USD 41.5 million compared to USD 20.9 million a year ago.

For the year, net sales were USD 97.7 million. The company had an underlying net loss (excluding one-off income) of USD 145.9 million or USD 1.64 per share, fully diluted compared to a net loss of USD 24.8 million or USD 5.25 per share, fully diluted for 2012. The operating loss was USD 153.9 million compared to USD 48.1 million in 2012. Net profit was USD 236.5 million or USD 2.66 per share compared to net loss of USD 24.8 million or USD 5.25 per share a year ago. Profit before tax was USD 239.262 million compared to the loss before tax of USD 23.584 million for the previous year. Net cash used in operating activities was USD 147.866 million compared to the USD 24.329 million for the previous year. Acquisition of property, plant and equipment including mines under construction of USD 234.991 million compared to the USD 559.826 million for the previous year.