Rassini, S.A.B. de C.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 2017. For the quarter, the company reported Sales of MXN 4,511 million against MXN 4,353 million a year ago. EBITDA was MXN 836 million against MXN 821 million a year ago. Net Income before taxes and minority interest was MXN 499 million against MXN 470 million a year ago. Net Income was MXN 272 million against MXN 201 million a year ago.
For the full year, the company reported sales of MXN 18,104 million against MXN 16,340 million a year ago. EBITDA was MXN 3,366 million against MXN 3,190 million a year ago. Net Income before taxes and minority interest was MXN 1,992 million against MXN 1,935 million a year ago. Net Income was MXN 1,475 million against MXN 1,431 million a year ago. Net operating cash flow grew 17% year-over-year to MXN 2.8 million in 2017 against MXN 2.8 billion in 2016, reflecting improvements to the company sales and EBITDA. The company's consolidated net debt balance has decreased to $30 million as of the end of December 2017, down from $58 at the end of the same period in 2016.
For the year 2018, the company is expecting to have a CapEx of around $60 million. $10 million of that CapEx would be maintenance CapEx.