Bio-PAPPEL SAB de CV announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of MXN 2,903,602,000 compared to MXN 2,986,981,000 a year ago. Operating income was MXN 350,551,000 compared to MXN 318,050,000 a year ago. Income before income taxes was MXN 269,020,000 compared to loss before income taxes of MXN 84,178,000 a year ago. Consolidated net income for the period was MXN 103,238,000 compared to MXN 74,453,000 a year ago. EBITDA was MXN 442,071,000 compared to MXN 416,976,000 a year ago.

For the year, the company reported net sales of MXN 11,717,412,000 compared to MXN 12,298,939,000 a year ago. Operating income was MXN 1,450,670,000 compared to MXN 1,515,388,000 a year ago. Income before income taxes was MXN 1,035,170,000 compared to MXN 604,710,000 a year ago. Consolidated net income for the period was MXN 856,347,000 compared to MXN 390,069,000 a year ago. EBITDA was MXN 1,825,995,000 compared to MXN 1,916,606,000 a year ago. Resources generated from operating activities were MXN 862,852,000 compared to MXN 58,559,000 a year ago. Acquisition of property, machinery and equipment was MXN 688,267,000 compared to MXN 46,710,000 a year ago. Net debt as at December 31, 2014 was MXN 111.4 million compared to MXN 106 million a year ago.