Sare Holding, S.A.B. de C.V announced earnings results for the second quarter and first half of 2017. For the quarter, the company reported revenue was MXN 100,245,000 compared with MXN 100,093,000 a year ago. Operating income was MXN 8,580,000 compared with loss of MXN 6,615,000 a year ago. Loss before tax was MXN 39,618,000 compared with MXN 18,098,000 a year ago. Net loss was MXN 28,564,000 compared with MXN 13,049,000 a year ago. Net cash flows from operating activities were MXN 63,481,000 compared with MXN 116,679,000 a year ago. EBITDA was MXN 8,735,000 compared with LBITDA was MXN 6,428,000 a year ago. ROA was 2.1% compared with 0.7% a year ago. ROE was 6.4% compared with 1.7% a year ago. Free operating cash flow was MXN 59 million compared with MXN 127 million a year ago. Free cash flow was MXN 7 million compared with MXN 125 million a year ago.

For the six months, the company reported revenue was MXN 193,737,000 compared with MXN 181,951,000 a year ago. Operating income was MXN 12,463,000 compared with MXN 690,000 a year ago. Loss before tax was MXN 70,244,000 compared with MXN 23,811,000 a year ago. Net loss was MXN 50,646,000 compared with MXN 17,168,000 a year ago. Net cash flows from operating activities were MXN 45,737,000 compared with MXN 125,858,000 a year ago. EBITDA was MXN 17,979,000 compared with LBITDA was MXN 9,970,000 a year ago. Free operating cash flow was MXN 49 million compared with MXN 133 million a year ago. Negative free cash flow was MXN 31 million compared with free cash flow was MXN 115 million a year ago.

For the year 2017, the company expected 50% growth in total revenues year-over-year, positive and stable EBITDA generation, A solid financial position, with a healthy leverage.