Grupo Soares da Costa SGPS SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported turnover of €162,776,576 compared to €189,947,202 a year ago. EBITDA was €16.5 million compared to €18.6 million a year ago.

EBIT was €7.8 million compared to €10.1 million a year ago. Net loss attributable to the group was €1,975,771 or €0.012 per basic and share compared to €8,180,449 or €0.051 per basic and diluted share a year ago. Operating income was €150,776,726 compared to €194,208,150 a year ago.

Loss before taxes was €2,747,180 compared to €10,742,949 a year ago. Cash in flow from operational activities was €9,527,144 compared to cash out flow from operational activities of €9,872,763 a year ago. Fixed tangible assets were €562,958 compared to €1,141,205 a year ago.

Total net debt was €1,037.5 million compared to €1,024.2 million a year ago. Operating results from continued activities was €7,784,325 or €0.012 per basic and diluted share against €4,074,149 or €0.051 per basic and diluted share a year ago.