OSX Brasil S.A. reported consolidated and parent earnings results for the first quarter ended March 31, 2016. For the quarter, on parent basis, the company reported loss before financial income and taxes of BRL 66,447,000 against income before financial income and taxes of BRL 173,051,000 a year ago. Loss before income tax was BRL 49,642,000 against income before income tax of BRL 169,438,000 a year ago. Net loss for the period attributable to controlling shareholders was BRL 49,642,000 against net income for the period attributable to controlling shareholders of BRL 168,908,000 a year ago. Net cash generated by operating activities was BRL 15,805,000 against BRL 185,541,000 a year ago. Basic and diluted loss per share was BRL 0.16 against BRL 0.54 a year ago. For the quarter, on consolidated basis, the company reported income before financial income and taxes of BRL 109,797,000 against BRL 325,541,000 a year ago. Loss before income tax was BRL 46,041,000 against income before income tax of BRL 188,292,000 a year ago. Net loss for the period attributable to controlling shareholders was BRL 49,642,000 against net income for the period attributable to controlling shareholders of BRL 168,908,000 a year ago. Net cash generated by operating activities was BRL 436,047,000 against BRL 68,606,000 a year ago. Basic and diluted loss per share was BLR 0.16 against BRL 0.54 a year ago. Income from sale of goods and/or services was BRL 46,255,000 against BRL 275,154,000 a year ago. Loss from assets available for sale was BRL 29,471,000 against BRL 39,829,000 a year ago.