CEMAR announced consolidated earnings results for the fourth quarter and full year of 2016. For the quarter, the company’s net operating revenues were BRL 853,385,000 compared to BRL 780,864,000 a year ago. EBITDA was BRL 637,416,000 compared to BRL 577,544,000 a year ago. Operating income was BRL 452,593,000 compared to BRL 422,932,000 a year ago. Income before tax was BRL 489,413,000 compared to BRL 443,114,000 a year ago. Net income was BRL 399,794,000 compared to BRL 363,803,000 a year ago. Adjusted net income was BRL 115 million against BRL 142 million a year ago. EBITDA net adjustments were BRL 29 million against BRL 18 million a year ago. For the year, the company’s net operating revenues were BRL 3,064,642,000 compared to BRL 2,742,786,000 a year ago. EBITDA was BRL 167,840,000 compared to BRL 145,901,000 a year ago. Operating income was BRL 109,903,000 compared to BRL 103,989,000 a year ago. Income before tax was BRL 101,629,000 compared to BRL 148,786,000 a year ago. Net income was BRL 86,445,000 compared to BRL 123,439,000 a year ago. Adjusted net income was BRL 425 million against BRL 407 million a year ago. EBITDA net adjustments were BRL 30 million against BRL 39 million a year ago.