Belona reported earnings results for the first quarter of 2014. For the period, the company's net loss widens 140% in first quarter of 2014 year-on-year to RUB 475.329 million. Revenue declined 15% to RUB 2.816 billion.

Loss from sales was RUB 127,834,000 compared to profit from sales of RUB 36,442,000 a year ago. Pretax loss was RUB 586,843,000 compared to RUB 238,585,000 a year ago.