Ultrapetrol (Bahamas) Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company's total revenues were $77,890,000 against $64,538,000 a year ago. Operating profit was $1,919,000 against loss of $4,083,000 a year ago. Loss before income taxes was $3,933,000 against $12,399,000 a year ago. Net loss attributable to Ultrapetrol (Bahamas) Limited was $5,854,000 against $13,827,000 a year ago. Net cash provided by operating activities was $3,864,000 against net cash used in operating activities of $7,354,000 a year ago. Purchase of vessels and equipment ($7,521 in 2013 for barges built, sold and leased-back) was $15,738,000 against $14,964,000 a year ago. Adjusted consolidated EBITDA was $19,261,000 against $7,261,000 a year ago. Adjusted net loss was $242,000 against $13,093,000 a year ago.

For the full year 2014, the company believes EBITDA will strengthen in 2014 and beyond as the company had expected when the company set this investment plan in motion.