PBG Spolka Akcyjna reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company's revenue was PLN 38,053,000 compared with PLN 120,620,000 a year ago. Operating loss was PLN 52,313,000 compared with operating profit of PLN 15,280,000 a year ago. Net loss from continuing operations was PLN 52,504,000 compared with net profit from continuing operations of PLN 9,284,000 a year ago. Basic loss per share was PLN 3.67 compared with basic earnings per share PLN 0.65 for the same period in the last year. Net cash used in operating activities was PLN 15,892,000 against PLN 25,754,000 for the same period in the last year. Loss before tax was PLN 52,504,000 against PLN 9,254,000 for the same period in the last year. The PBG Group's consolidated results were adversely affected by the recognition of a PLN 30 million impairment loss on assets and a PLN 11.8 million loss on investments in related entities.

The company reported PLN 30 million impairment loss on assets for the first quarter ended March 31, 2014.