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.