Panariagroup Industrie Ceramiche S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues from sales and services of EUR 67.9 million compared to EUR 66.7 million a year ago. Net operating loss was EUR 1,315,000 compared to net operating profit EUR 729,000 a year ago.

Pre-tax loss was EUR 2,112,000 compared to pre-tax profit of EUR 169,000 a year ago. Net loss for the period was EUR 1,710,000 compared to net loss of EUR 74,000 a year ago. Net Financial Indebtedness grew by EUR 2.5 million compared to the start of the year, while it declined sharply compared to March 2013.