Grupo Soares da Costa SGPS SA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported turnover was €190.75 million against €210.25 million a year ago. Operating income was €190.83 million against €217.73 million a year ago. Operating results from continued activities was €17.89 million against €14.27 million a year ago. Loss before tax was €3.72 million against profit of €3.79 million a year ago. Net loss attributable to the group was €2.022 million against profit of €2.29 million a year ago. Loss per share was €0.013 against profit of €0.014 a year ago. Operating results from continued activities was €31.31 million against €45.14 million a year ago. Payments for fixed tangible assets were €50.37 million and payments for intangible assets were €0.005 million for the third quarter of 2012.

For the nine months, the company reported turnover was €619.3 million against €629.8 million a year ago. EBITDA was €65.4 million against €70.5 million a year ago. Recurrent comparable EBITDA was €81.7 million against €71.1 million a year ago. EBIT was €31.3 million against €45.1 million a year ago. Loss before taxes was €20.1 million against earnings of €7.2 million a year ago. Net loss attributable to the group was €16 million against profit of €4.3 million a year ago. Basic and diluted loss per share of continued activities were €0.100 against profit of €0.027 a year ago. Basic and diluted loss per share was €0.100 against profit of €0.027 a year ago. Total net debt was €961.4 million as of September 30, 2012 against €916.3 million as of June 30, 2012. Operating income was €624.36 million against €643.66 million a year ago. Cash flow from operating activities was €71.57 million against €24.87 million a year ago. Payments for fixed tangible assets were €3.033 million against €4.84 million a year ago. Payments for intangible assets were €0.005 million against €0.887 million a year ago.