Habitat Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Habitat reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues were USD 62,837,000 compared to USD 57,649,000 a year ago. Operating income was USD 35,909,000 compared to USD 32,521,000 a year ago. Profit before taxes was USD 40,221,000 compared to USD 36,155,000 a year ago. Net profit was USD 31,599,000 compared to USD 29,046,000 a year ago. EBITDA was USD 40,922,000 against USD 36,494,000 a year ago. EBITDAE was USD 38,461,000 against USD 34,358,000 a year ago. Profit to the company was USD 31,599,000 against USD 29,047,000 a year ago.
For the six months, the company reported revenues were USD 125,101,000 compared to USD 114,803,000 a year ago. Operating income was USD 73,620,000 compared to USD 66,152,000 a year ago. Profit before taxes was USD 80,432,000 compared to USD 84,757,000 a year ago. Net profit was USD 62,688,000 compared to USD 66,147,000 a year ago. EBITDA was USD 82,229,000 against USD 85,558,000 a year ago. EBITDAE was USD 78,746,000 against USD 70,090,000 a year ago. Profit to the company was USD 62,688,000 against USD 66,147,000 a year ago. Operating revenues increased by 9.0% in the first half of 2016 compared to the same period of 2015. This advance was mainly explained by a larger income from fees in Chile, due to the 1.6% increment of the average salary quoted by AFP Habitat (in real terms). Non-operating income for the first half of 2016 decreased by 63.4% when compared to the same period of 2015. This was mainly explained by the 77.5% reduction in the profitability of the encaje, in line with the lower investment returns of the funds.