Grupo Bafar S.A.B. De C.V. Announces Consolidated Earnings Results for the Third Quarter and Nine Month Ended September 30, 2016
Grupo Bafar S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine month ended September 30, 2016. For the quarter, the company reported net sales were $2,885,901 compared to $2,378,560 a year ago. Operating income was $189,461 compared to $157,429 a year ago. Income before taxes was $58,290 compared to $76,473 a year ago. Net loss was $64,706 compared to net income of $68,960 a year ago. Net consolidated loss was $63,774 compared to income of $70,217 a year ago. EBITDA was $274,232 compared to $227,915 a year ago.
For the accumulated period, the company reported net sales were $8,057,558 compared to $7,076,672 a year ago. Operating income was $530,696 compared to $481,341 a year ago. Income before taxes was $190,057 compared to $262,236 a year ago. Net loss was $37,978 compared to net income of $197,815 a year ago. Net consolidated loss was $35,208 compared to income of $200,004 a year ago. EBITDA was $765,505 compared to $685,181 a year ago. Book value per share was $14.1 compared to $13.8 a year ago.