Vitro, S.A.B. de C.V. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. Consolidated net sales declined 0.6% year-over-year to $445 million from $447 million. In second quarter 2013 the company posted a consolidated net loss of $21 million, mainly attributable to a higher Total Financing Result of $101 million. This was due to a higher non-cash FX loss in second quarter 2013 mainly as a result of an accumulated peso depreciation, more than offsetting a higher EBIT of $65 million during second quarter 2013 compared to $48 million in 2Q'12. Consolidated EBITDA increased 18.6% year on year to $102 million versus $86 million, positively impacted by a solid performance in the Glass Container division and non-recurring benefits related to Tractebel settlement finalization and an employment promotion benefit, which more than of set the effect of customer claims related to the restructuring process. Consolidated net debt increased 12.2% year on year to $1,122 million at the close of the quarter reflecting the $235 million Note issued by a Vitro subsidiary as part of the agreements to finalize pending legal actions related to its debt restructuring process versus $1,000 million. EBIT was $65 million against $48 million for the same period last year. Net loss from continuing operations was $21 million against $20 million of prior year period. During second quarter 2013 the company's net free cash flow was $69 million, compared to breakeven net free cash flow in second quarter 2012. During second qua 2013 Capex totaled $10 million, compared to $16 million in second quarter 2012.

For the six months, the company reported net income of $35 million on net sales of $857 million compared to net income of $500 million on net sales of $881 million for the corresponding period last year. Income before tax was $56 million against $546 million of prior year period. Operating income was $119 million against $99 million for the same period last year.

On April 29, 2013, Vitro announced its plan to invest more than MXN 1,777 million during 2013, after having observed and approved the financial results for 2012, the annual reports of the Audit, Corporate Practices and Finance and Planning Committees, as well as the Board of Directors and CEO's reports for the year ending on December 31, 2012. This amount shall represent an increase of 65% with respect to the investment achieved in 2012 and shall be directed towards increasing the melting capacity in Glass Containers, as well as to the application of a series of improvements in the company's equipment and facilities in order to strengthen its leadership in the market after overcoming a challenging period. An 89% of the budget will be directed towards operations in Mexico, mainly to increase the manufacturing capacity of some of the furnaces and to improve and update the plants in their technological processes as well as in equipment.