Bio-PAPPEL SAB de CV announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of MXN 3,231,076,000 compared to MXN 2,934,677,000 for the same period a year ago. Operating income was MXN 391,122,000 compared to MXN 345,794,000 for the same period a year ago. Income before income taxes was MXN 165,422,000 compared to MXN 93,677,000 for the same period a year ago. Consolidated net income was MXN 21,029,000 compared to MXN 39,094,000 for the same period a year ago. Consolidated net income attributable to controlling interest was MXN 21,186,000 compared to MXN 38,955,000 for the same period a year ago. EBITDA was MXN 491,305,000 compared to MXN 444,261,000 for the same period a year ago. Net debt was USD 98.9 million compared to USD 139.6 million for the same period a year ago. Capital expenditures were USD 27.2 million.

For the six months, the company reported net sales of MXN 6,265,157,000 compared to MXN 5,876,831,000 for the same period a year ago. Operating income was MXN 822,743,000 compared to MXN 746,680,000 for the same period a year ago. Income before income taxes was MXN 518,343,000 compared to MXN 566,513,000 for the same period a year ago. Consolidated net income was MXN 284,831,000 compared to MXN 577,755,000 for the same period a year ago. Consolidated net income attributable to controlling interest was MXN 284,852,000 compared to MXN 577,349,000 for the same period a year ago. EBITDA was MXN 1,021,605,000 compared to MXN 940,540,000 for the same period a year ago. Resources generated from operating activities were MXN 481,584,000 and acquisition of property, machinery and equipment was MXN 352,643,000.

For the quarter, the company reported total shipments were 346,900 short tons compared to 343,800 short tons for the same period a year ago.

For the six months, the company reported total shipments were 682,800 short tons compared to 677,400 short tons for the same period a year ago.