Investimentos Participacoes e Gestao SA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total Income of EUR 224,518,000 against EUR 232,683,000 reported a year ago. Net loss before income tax was EUR 476,000 against EUR 65,000 reported a year ago. Net loss attributable to shareholders of the company was EUR 628,000 or EUR 0.0004 per basic and diluted share against EUR 57,000 reported a year ago. Recurrent EBITDA was EUR 4.9 million against EUR 5.7 million a year ago. EBIT was EUR 3.2 million against EUR 4.0 million a year ago.

For the six months, the company reported total Income of EUR 458,958,000 against EUR 482,629,000 a year ago. Net profit before income tax was EUR 1,554,000 against EUR 2,291,000 a year ago. Net profit attributable to shareholders of the company of EUR 957,000 or EUR 0.002 per basic and diluted share compared to EUR 1,534,000 or EUR 0.003 per basic and diluted share a year ago. Recurrent EBITDA was EUR 12.2 million against EUR 14.1 million a year ago. EBIT was EUR 9.0 million against EUR 10.6 million a year ago. Net debt was EUR 316.0 million at 30 June 2015, down by EUR 16.1 million compared with June 2014 and EUR 0.7 million less than in December 2014.