OSX Brasil S.A. reported parent and consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, on parent basis, the company reported income before financial income and taxes of BRL 173.051 million compared loss before financial loss and taxes of BRL 2,430.705 million a year ago. Income before income taxes was BRL 169.438 million compared with loss before income tax of BRL 2,420.748 million a year ago. Income attributable to the controlling shareholders was BRL 168.908 million compared loss attributable to the controlling shareholders of BRL 2,420.748 million a year ago. Net cash generated in operating activities was BRL 185.541 million compared BRL 7.129 million a year ago. Acquisitions of property, plant and equipment was BRL 0.213 million compared BRL 0.005 million a year ago.

For the quarter, on consolidated basis, the company reported Income from sales of goods and/or services of BRL 275.154 million compared BRL 118.058 million a year ago. Income before financial income and taxes was BRL 325.541 million compared loss before financial loss and taxes of BRL 2,510.306 million a year ago. Income before income taxes was BRL 188.292 million compared with loss before income tax of BRL 2,618.872 million a year ago. Income attributable to the controlling shareholders was BRL 168.908 million compared loss attributable to the controlling shareholders of BRL 2,420.748 million a year ago. Net cash generated in operating activities was BRL 68.606 million compared BRL 287.688 million a year ago. Acquisitions of property, plant and equipment was BRL 56.976 million compared BRL 310.001 million a year ago.