Bio-PAPPEL SAB de CV announced consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of MXN 2,942,154,000 against MXN 3,013,188,000 a year ago. Operating income was MXN 400,886,000 against MXN 113,687,000 a year ago. Income before income taxes was MXN 472,836,000 against MXN 322,841,000 a year ago. Consolidated net income for the period was MXN 538,661,000 against MXN 349,741,000 a year ago. EBITDA was MXN 496,279,000 against MXN 210,539,000 a year ago. Resources generated from operating activities were MXN 11,603,000. Acquisition of property, machinery and equipment was MXN 9,711,000. Net debt was USD 156.8 million. Capital expenditure was USD 9.7 million against USD 4.2 million.

The company announced total shipments of 333,600 tones for the first quarter ended March 31, 2013 against 350,200 tones for the same period a year ago.