Trisul S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net operating revenue of BRL 99,942,000 compared to BRL 158,991,000 reported last year. Operating income was BRL 16,207,000 against BRL 23,891,000 reported last year.

Income before income taxes and social contribution was BRL 16,453,000 against BRL 23,891,000 reported last year. Income before minority interest was BRL 13,503,000 against BRL 17,696,000 reported last year. Net income was BRL 6,106,000 against BRL 8,046,000 reported last year.

Net Cash used in operating activities was BRL 58,957,000 against BRL 49,567,000 reported last year. Acquisition of fixed assets was BRL 1,036,000 against BRL 213,000 reported last year. Intangible assets acquisition was BRL 497,000 against BRL 74,000 reported last year.

Net debt/Book Value was 67% against 156% a year ago. EBITDA was BRL 9,327,000 against BRL 14,875,000 a year ago. Adjusted EBITDA was BRL 13,660,000 against BRL 22,061,000 reported last year.