Bio PAPPEL S.A.B. de C.V. announced earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales of MXN 5,554 million compared to MXN 4,690 million a year ago. EBIT was MXN 611 million compared to MXN 478 million a year ago. EBITDA was MXN 891 million compared to MXN 634 million a year ago. Sales increased 18% due to a growth in shipments of 10%, reaching 425,000 tons compared to 388,000 tons in the same quarter of 2015, as well as an increase in the unit sales price of 8%, from MXN 12,101 per ton in the fourth quarter of 2015 to MXN 13,079 per ton in this quarter. For the year, the company reported net sales of MXN 21,862 million compared to MXN 16,974 million a year ago. EBIT was MXN 2,756 million compared to MXN 1,814 million a year ago. EBITDA was MXN 3,756 million compared to MXN 2,502 million a year ago. Sales in 2016 increased 29% compared with the same period in 2015, due to shipments increased 17% and unit sales price increased 10%.