Cydsa, S.A.B. de C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
February 26, 2017
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Cydsa, S.A.B. de C.V. reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, net sales were MXN 1,855 million against MXN 1,383 million a year ago. Operating income was MXN 222 million against MXN 237 million a year ago. Income before income tax was MXN 587 million against MXN 404 million a year ago. Income of continuing operations was MXN 129 million against MXN 201 million a year ago. Net income was MXN 241 million against MXN 201 million a year ago. EBITDA was MXN 363 million against MXN 335 million a year ago.
For the quarter, net sales were MXN 6,957 million against MXN 5,569 million a year ago. Operating income was MXN 1,036 million against MXN 820 million a year ago. Income before income tax was MXN 1,213 million against MXN 629 million a year ago. Income of continuing operations was MXN 536 million against MXN 353 million a year ago. Net income was MXN 654 million against MXN 353 million a year ago. EBITDA was MXN 1,513 million against MXN 1,192 million a year ago. Book value per share as at December 31, 2016 was MXN 16.80 against MXN 14.86 a year ago. Net bank debt as at December 31, 2016 was MXN 760 million.
Cydsa SAB de CV (Cydsa) is a Mexico-based holding company engaged, through its subsidiaries, in the industrial sector. The Company's business is structured in two divisions: Chemicals and Yarns. The Chemicals Division comprises the production and distribution of such chemicals as refined edible salts, industrial salts, caustic soda, sodium hypochlorite and refrigerant gasses, among others. The Yarns Division mainly specializes in the manufacture and sale of acrylic and cotton threads and fibers for the textile industry. As of December 31, 2011, the Company owned such subsidiaries as Valores Quimicos SA de CV, Sales del Istmo SA de CV, Industria Quimica del Istmo SA de CV and Quimobasicos SA de CV, among others. In February 2013, the Company created a new area of business: Real Estate Development, which aims to identify, develop and capitalize opportunities in the field of real estate development.
CYDSA, S.A.B. DE C.V. 
