Vitro, S.A.B. de C.V. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, consolidated Net Sales were $219 million against $224 million a year ago. Operating income was $36 million against $21 million a year ago. Loss before tax was $11 million against income before tax of $4 million a year ago. Net income from continuing operations was $1 million against $10 million a year ago. Net income was $39 million against $34 million a year ago. EBITDA was $50 million against $38 million a year ago. Total net debt decreased by $44 million to $980 from $1,024 in second quarter of 2014, primarily reflecting a scheduled amortization of $12.5 million and excess cash flow payment of approximately $2 million to the 2018. Cash flow from operations after capex was $111 million against $95 million a year ago. Capex was $31 million against $18 million a year ago. Net free cash flow was $59 million against $23 million a year ago.

For the six months, consolidated Net Sales were $420 million against $439 million a year ago. Operating income was $59 million against $49 million a year ago. Loss before tax was $48 million against $2 million a year ago. Net loss from continuing operations was $21 million against $4 million a year ago. Net income was $48 million against $43 million a year ago. EBITDA was $87 million against $82 million a year ago. Cash flow from operations after capex was $147 million against $151 million a year ago. Capex was $55 million against $42 million a year ago. Net free cash flow was $87 million against $65 million a year ago. Net free cash flow was mainly driven by a higher EBITDA of $121 million, compared to $96 million a year ago, and higher change in working capital of $21 million, primarily reflecting higher accounts payable in line with operations, compared to a $17 million change in Working Capital in a year ago. Cash flow also benefitted from lower Net interest and Cash Taxes paid, of $43 million and $9 million, respectively.