ALPEK, S.A.B. de C.V. reported consolidated earnings and production results for the first quarter of 2017. For the quarter, the company reported revenues were MXN 26,339 million against MXN 21,292 million a year ago. Operating income was MXN 2,535 million against MXN 2,484 million a year ago. Profit before income tax was MXN 2,850 million against MXN 2,189 million a year ago. Consolidated net income was MXN 2,157 million against MXN 1,872 million a year ago. Profit attributable to Controlling interest was MXN 1,769 million against MXN 1,282 million a year ago. EBITDA was $190 million $209 million a year ago. Capex was $143 million $131 million a year ago. Net debt as at end of first quarter of 2017 was $1,349 million against $1,327 million a year ago. Net income was $67 million against $97 million a year ago. EPS was $0.04 per share against $0.03 a year ago. Net Sales for the first quarter totaled $1.3 billion, up 9% year-on-year and quarter-on-quarter, mainly due to higher average consolidated prices in both business segments.

For the quarter, the company produced total volumes of 986 ktons against 988 kton a year ago.