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.