SDC- Investimentos, SGPS, SA announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported consolidated net loss for the period of EUR 5,697,759 against EUR 7,377,725 a year ago. Total comprehensive loss attributable to the group was EUR 12,510,185 against EUR 2,269,041 a year ago. Cash flow from operational activities was EUR 2,499,439. Operating income was EUR 3,149,317 against EUR 6,998,609 a year ago. Loss before taxes was EUR 4,174,889 against EUR 312,594 a year ago. Net loss attributable to the group was EUR 5,469,190 or EUR 0.036 per share against EUR 7,261,864 or EUR 0.046 per share a year ago.

For the six months, the company reported turnover of EUR 6,543,109 against EUR 29,577,971 a year ago. Operational gains and income was EUR 6,517,000 against EUR 16,265,900 a year ago. Loss before taxes was EUR 5,547,465 against EUR 4,177,389 a year ago. Net loss attributable to the group was EUR 6,518,346 against EUR 9,237,635 a year ago. Basic and diluted loss per share was EUR 0.041 against EUR 0.058 a year ago. Cash flow from operational activities was EUR 2,522,999 against EUR 13,156,473 a year ago. LBITDA was EUR 321,800 against EBITDA of EUR 5,427,700 a year ago. Operational loss from continued activities was EUR 2,390,900 against operational results from continued activities of EUR 2,559,300 a year ago. Net loss from continued activities was EUR 5,975,600 against net earnings from continued activities of EUR 4,015,800 a year ago. Net debt as of June 30, 2014 amounted to EUR 313.0 million, corresponding to a reduction compared with the restated figure as of December 31, 2013 of EUR 323.1 million. Payment for fixed tangible assets was EUR 145,382 against EUR 12,798 a year ago.