PV Crystalox Solar plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenues of €30,087,000 against €28,305,000 a year ago. Loss before income tax was €5,774,000 against earnings before interest and taxes of €3,951,000 a year ago. Loss before tax was €6,934,000 against earnings before taxes of €1,541,000 a year ago. Loss from continuing operations was €6,937,000 or €4.4 per basic and diluted share against profit from continuing operations of €1,341,000 or 0.3 per basic and diluted share a year ago. Loss attributable to equity owners of the parent was €6,937,000 or €4.4 cents per basic and diluted share against profit attributable to equity owners of the parent of €2,019,000 or 0.5 cents per basic and diluted share a year ago. Net cash flows used in operating activities was €4,713,000 against €6,811,000 a year ago. Payments to acquire property, plant and equipment and intangibles were €136,000 against €51,000 a year ago.

The Board believes that its ongoing strategy will maximise shareholder value and position the Group to take advantage of an eventual return of a more rational business environment.