Grupo Rotoplas, S.A.B. de C.V. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales of MXN 1,176 million, operating income of MXN 124 million, earnings before taxes of MXN 114 million, net income of MXN 91 million, EBITDA of MXN 152 million against net sales of MXN 1,369 million, operating income of MXN 100 million, earnings before taxes of MXN 52 million, net income of MXN 38 million, EBITDA of MXN 127 million a year ago. Operating profit as a percentage of sales increased by 320 basis points compared to the same period of last year.

This was due to Rotoplas' company-wide zero-based budget expense containment strategies which helped mitigate lower sales volumes, as well as to startup-related expenses at Rotoplas' US operations. Capex was MXN 93 million. Net debt was MXN 1,507 million against MXN 2,259 million a year ago.