CELPA announced earnings results for the first quarter ended March 31, 2018. For the quarter, the company’s net operating revenues were BRL 1,253,798,000 compared to BRL 1,015,430,000 a year ago. EBITDA was BRL 123,153,000 compared to BRL 117,463,000 a year ago. Operating income was BRL 61,806,000 compared to BRL 64,701,000 a year ago. Loss before tax was BRL 257,000 compared to income of BRL 20,381,000 a year ago. Net income was BRL 432,000 compared to BRL 16,863,000 a year ago. Operating Revenue was BRL 1,753,198,000 compared to BRL 1,474,853,000 a year ago.