Minsur S.A. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
Minsur S.A. reported unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net revenues of $115.527 million against $134.979 million a year ago. Operating income was $34.623 million against $57.576 million a year ago. Profit before income tax was $8.564 million against $59.272 million a year ago. Loss was $8.300 million or $0.288 per basic and diluted share against income of $38.498 million or $1.335 per basic and diluted share a year ago.
For the full year, the company reported net revenues of $489.052 million against $489.650 million a year ago. Operating income was $200.959 million against $203.535 million a year ago. Profit before income tax was $146.907 million against $146.620 million a year ago. Profit for the period was $81.134 million or $2.814 per basic and diluted share against $87.849 million or $3.047 per basic and diluted share a year ago. Purchase of property, plant and equipment was $62.673 million against $36.434 million a year ago. Net debt was $97.1 million. Net cash flows provided by operating activities was $140,696,000 against $167,708,000 a year ago.