Cia. Hering Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Reports Write Off of Fixed Assets for the Fourth Quarter Ended December 31, 2017; Provides Cash Flow from Operation Guidance for the Full Year of 2018
For the full year, the company reported net revenue was BRL 1,562,321,000 against BRL 1,475,137,000 a year ago. Operating income before financial results was BRL 199,748,000 against BRL 150,922,000 a year ago. Net income for the period was BRL 263,781,000 against BRL 199,417,000 a year ago. Basic earnings per share were BRL 1.6372 against BRL 1.2396 a year ago. EBITDA was BRL 260,937,000 against BRL 207,569,000 a year ago. Cash provided by operating activities was BRL 250,999,000 against BRL 287,746,000 a year ago. Purchase of property, plant and equipment was BRL 40,197,000 against BRL 31,964,000 a year ago. Purchase of intangible was BRL 18,651,000 against BRL 19,350,000 a year ago. Free cash flow was BRL 140,222,000 against BRL 209,370,000 a year ago.
For the quarter, the company reported write-off of fixed assets of BRL 146,000 against BRL 203,000 a year ago.
For the year of 2018, the company expects cash flow from operation of BRL 53,643,000.