Companhia de Tecidos Norte de Minas announced audited consolidated and company earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company reported net revenue of BRL 2,449,583,000 against BRL 2,398,140,000 a year ago. Income from operations was BRL 44,905,000 against BRL 91,029,000 a year ago. Loss before taxes was BRL 97,620,000 against BRL 10,386,000 a year ago. Net cash used in operating activities after interest and taxes was BRL 111,569,000 against BRL 4,735,000 a year ago. Acquisition of property, plant and equipment was BRL 89,102,000 against BRL 104,197,000 a year ago. Net loss for the year was BRL 89,958,000 against BRL 24,553,000 a year ago.

For the year, on company basis, the company reported loss from operations of BRL 85,074,000 against BRL 28,789,000 a year ago. Loss before taxes was BRL 76,452,000 against BRL 19,917,000 a year ago. Basic and diluted loss per share was BRL 0.6239 against BRL 0.1625 per share a year ago. Net cash used in operating activities after interest and taxes was BRL 17,923,000 against BRL 21,287,000 a year ago.