M&C SpA announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating loss of EUR 582,000 against EUR 532,000 a year ago. Net financial income was EUR 413,000 against EUR 392,000 a year ago.

Net gains on equity investments and securities were EUR 238,000 against EUR 54,000 a year ago. Pre-tax profit for the period was EUR 69,000 against loss of EUR 86,000 a year ago. Profit for the period was EUR 68,000 against loss of EUR 86,000 a year ago.

Other revenue was EUR 3,000 against EUR 9,000 a year ago.