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.