CEMAR Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2016
CEMAR announced consolidated earnings results for the fourth quarter and full year of 2016. For the quarter, the company’s net operating revenues were BRL 853,385,000 compared to BRL 780,864,000 a year ago. EBITDA was BRL 637,416,000 compared to BRL 577,544,000 a year ago. Operating income was BRL 452,593,000 compared to BRL 422,932,000 a year ago. Income before tax was BRL 489,413,000 compared to BRL 443,114,000 a year ago. Net income was BRL 399,794,000 compared to BRL 363,803,000 a year ago. Adjusted net income was BRL 115 million against BRL 142 million a year ago. EBITDA net adjustments were BRL 29 million against BRL 18 million a year ago.
For the year, the company’s net operating revenues were BRL 3,064,642,000 compared to BRL 2,742,786,000 a year ago. EBITDA was BRL 167,840,000 compared to BRL 145,901,000 a year ago. Operating income was BRL 109,903,000 compared to BRL 103,989,000 a year ago. Income before tax was BRL 101,629,000 compared to BRL 148,786,000 a year ago. Net income was BRL 86,445,000 compared to BRL 123,439,000 a year ago. Adjusted net income was BRL 425 million against BRL 407 million a year ago. EBITDA net adjustments were BRL 30 million against BRL 39 million a year ago.