Bagir Group Ltd. announced consolidated final earnings results for the year ended December 31, 2014. For the year, the company's revenues from sales was $96.98 million compared with $99.49 million a year ago. The decrease was due mainly to the reduction in sales to the company's large customer and a large project for a customer that was completed by the company during 2013, which as expected, did not continue into 2014.

Operating income was $0.52 million compared with $3.6 million a year ago. Loss before taxes on income was $3.2 million compared with $1.2 million a year ago. Loss was $3.2 million compared with $1.2 million a year ago.

Loss attributable to equity holders of the company was $3.2 million or $0.09 per basic and diluted share compared with $1.2 million or $0.39 per basic and diluted share a year ago. Net cash used in operating activities was $9.8 million compared with $1.0 million a year ago. Purchase of property, plant and equipment was $0.15 million compared with $0.26 million a year ago.

Adjusted operating income was $3.4 million compared with $5.6 million a year ago. Adjusted loss before tax was $0.3 million compared with adjusted profit before tax of $0.9 million a year ago. Adjusted EBITDA was $3.8 million compared with $6.1 million a year ago.

As on December 31, 2014, the company's net debt was $12.5 million.