Bio Pappel, S.A.B. de C.V. Announces Unaudited Consolidated Financial Results for the Second Quarter and First Half of 2013
The company reported EBITDA of $34.1 million during the second quarter of 2013 against $27.0 million reported in second quarter of 2012, representing a 26.4% increase. In second quarter of 2013, the company's net debt declined significantly, reaching $139.6 million, which coupled with the EBITDA growth, resulted in its financial structure strengthening with an interest coverage ratio of 8.0 times in the last twelve months, which ratios are equivalent to Investment Grade Rating.