Sare Holding, S.A.B. de C.V announced unaudited consolidated earnings results for the fourth quarter and year ended 2017. For the quarter, the company reported revenue of MXN 47,424,000 compared with MXN 53,510,000 a year ago. Operating loss was MXN 17,162,000 compared with income of MXN 4,896,000 a year ago. Loss before tax was MXN 22,687,000 compared with MXN 89,217,000 a year ago. Consolidated net loss was MXN 23,725,000 compared with MXN 184,375,000 a year ago. LBITDA was MXN 17,076,000 compared with MXN 4,720,000 a year ago. Negative ROA was 1.0% compared to 1.2% a year ago. Negative ROE was 2.7% compared to 3.6% a year ago.

For the year, the company reported revenue of MXN 314,463,000 compared with MXN 390,397,000 a year ago. Operating loss was MXN 18,785,000 compared with operating income of MXN 6,197,000 a year ago. Loss before tax was MXN 130,417,000 compared with MXN 113,780,000 a year ago. Consolidated net loss was MXN 101,398,000 compared with MXN 202,085,000 a year ago. Net cash flow used in operating activities was MXN 69,274,000 compared with net cash flow from operating activities of MXN 102,031,000 a year ago. Interest-bearing debt as of December 31, 2017 totaled MXN 692 million, a 5.6% decrease against the MXN 734 million recorded in the same period last year. LBITDA was MXN 18,286,000 compared with EBITDA of MXN 6,921,000 a year ago.

For the year 2018, the company is anticipating the following: stable consolidated revenue, prioritizing profitability over volume of units sold; a positive and stable EBITDA; and a solid financial position, maintaining a healthy level of leverage.