Bio-PAPPEL SAB de CV reported earnings results for the first quarter ended March 31, 2017. For the quarter, operating income of $570 million against $502 million a year ago. Sales increased 15% in this quarter, from $5,044 to $5,786 million pesos, due to a 4% growth in shipments, reaching 426,000 tons compared to 410,000 tons in the same quarter of the previous year, as well as an increase in the unit sales price of 10%, going from $12,314 pesos /ton in the first quarter of 2016 to $13,588 pesos /ton in this quarter. EBITDA of $853 million pesos in the quarter, representing a 15% increase compared to $744 million pesos generated during the same period of 2016. This quarter company reached a EBITDA margin of 14.7%, remaining the same as the first quarter of 2016.