CAP S.A. announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $486,635,000 against $593,101,000 a year ago. Profit from operating activities was $95,892,000 against $148,752,000 a year ago.

Profit before tax was $100,311,000 against $151,673,000 a year ago. Profit from continuing operations was $67,003,000 or $0.302078 basic per share against $115,844,000 or $0.563701 basic per share a year ago. Profit attributable to owners of the parent was $45,145,000 or $0.302078 basic per share against $84,244,000 or $0.563701 basic per share a year ago.

Net cash flow from operating activities was $250,041,000 against $268,059,000 a year ago. Purchases of property, plant & equipment was $247,624,000 against $103,371,000 a year ago. EBITDA was $137,246,000 against $200,215,000 a year ago.

The reduction in revenue and the resulting reduced earnings in first quarter were the result of the delay of some shipments to second quarter 2013 due to the strike of port workers in March 2013 which affected the provisions of stevedoring services including in its own ports; and the low mineral stocks at the beginning of the year.