Grupo Soares da Costa SGPS SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Turnover was €3,381,400 against €22,735,500 a year ago. Operational gains and income (OI) was €3,392,100 against €9,278,500 a year ago.

EBITDA was €521,100 against €4,737,300 a year ago. Operational loss from continued activities (EBIT) was €629,900 against income of €3,370,700 a year ago. Loss before taxes was €1,372,500 against income of €4,490,000 a year ago.

Net loss from continued activities was €1,267,500 against income of €3,549,400 a year ago. Net loss attributable to the Group was €1,049,300 against €1,975,800 a year ago. Consolidated net debt as of March 31, 2014 reached €322.6 million, in line with the restated value of March 31, 2013, of €323.1 million.

Diluted per share from continued operations was €0.007 against €0.022 earnings per share a year ago. Net cash from operating activities was €23,560 against €14,099,924 a year ago.