Coteminas reported earnings results for the first quarter of 2014. For the quarter, the company reported a net loss of BRL 31.2 million in the first quarter of 2014, versus a loss of BRL 14.7 million in the same period of 2013. Net revenue inched up 0.99% to BRL 592.7 million.

Earnings before interest and tax sharply fell to BRL 829,000 between January and March 2014 from BRL 14.8 million in the prior-year period. Net financial debt was 23.8% higher at BRL 41 million.