CELPA Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2016
CELPA announced consolidated earnings results for the fourth quarter and full year of 2016. For the quarter, the company’s net operating revenues were BRL 1,384,046,000 compared to BRL 1,042,009,000 a year ago. EBITDA was BRL 262,718,000 compared to BRL 199,650,000 a year ago. Operating income was BRL 203,250,000 compared to BRL 39,917,000 a year ago. Income before tax was BRL 138,551,000 compared to loss of BRL 67,012,000 a year ago. Net income was BRL 118,454,000 compared to BRL 31,360,000 a year ago. Adjusted net income was BRL 120 million against BRL 135 million a year ago.
For the year, the company’s net operating revenues were BRL 4,513,037,000 compared to BRL 4,187,313,000 a year ago. EBITDA was BRL 766,412,000 compared to BRL 631,054,000 a year ago. Operating income was BRL 538,957,000 compared to BRL 279,957,000 a year ago. Income before tax was BRL 421,479,000 compared to BRL 597,229,000 a year ago. Net income was BRL 351,555,000 compared to BRL 520,226,000 a year ago. Adjusted net income was BRL 388 million against BRL 117 million a year ago.