Bio-PAPPEL SAB de CV reported audited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, net sales were $231.891 million against $238.142 million a year ago. Operating income was $32.988 million against $32.449 million a year ago.

Income before income taxes was $26.972 million against $38.274 million a year ago. Consolidated net income for the period was $20.160 million against $43.602 million a year ago. EBITDA was $40.530 million against $40.170 million a year ago.

Resources generated from operating activities were $9.939 million and acquisition of property, machinery and equipment was $10.986 million. Net debt was $103.8 million against $156.8 million a year ago.