Industrias Bachoco S.A.B. de C.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net sales of MXN 14,206.6 million against MXN 11,650.2 million a year ago. Operating income was MXN 1,052.7 million compared to MXN 492.1 million a year ago. Net income was MXN 976.4 million against MXN 373 million a year ago. Basic and diluted earnings per share were MXN 1.63 against MXN 0.63 per share a year ago. Basic and diluted earnings per ADR were MXN 19.53 against MXN 7.45 per share a year ago. EBITDA was MXN 1,275.2 million against MXN 709.8 million a year ago. The increase in net sales is a result of more volume sold in main product lines and price increases in peso terms, mainly in chicken and balance feed. The higher operating income was mainly attributed to higher gross profit than in fourth quarter of 2015. For the full year, the company reported net sales of MXN 52,020.3 million against MXN 46,229.0 million a year ago. Operating income was MXN 4,833.1 million compared to MXN 5,053.5 million a year ago. Net income was MXN 3,963.0 million against MXN 3,819.5 million a year ago. Basic and diluted earnings per share were MXN 6.60 against MXN 6.36 per share a year ago. Basic and diluted earnings per ADR were MXN 79.2 per share against MXN 76.30 per share a year ago. EBITDA was MXN 5,758.9 million against MXN 5,873.9 million a year ago. Net cash flow from operating activities was MXN 2,881.4 million against MXN 4,463.0 million a year ago. Acquisition of property, plant and equipment was MXN 2,677.5 million against MXN 1,909.8 million a year ago.