Iona Energy Inc. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues were $35,648,000 against $1,858,000 a year ago. Income before tax was $717,000 against loss before tax of $22,163,000 a year ago.

Loss after tax was $338,000 against $11,945,000 a year ago. Funds flow was $27,088,000 or 0.07 per share against negative funds flow of $9,664,000 or $0.03 per share a year ago. Adjusted EBITDA was $27,143,000 or $0.07 per share against $3,281,000 or $0.01 per share a year ago.