Management & Capitali S.p.A. reported unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported operating loss was EUR 532,000 against EUR 946,000 a year ago. Pre-tax loss and loss for the period was EUR 86,000 against EUR 746,000 a year ago. Loss for the period was EUR 86,000 against EUR 746,000 a year ago. Basic and diluted Loss per share was EUR 0.0002 against EUR 0.0018 a year ago.