Pine announced consolidated and company earnings results for the fourth quarter and year ended December 2017. For the quarter, on managerial basis, the company reported income from financial intermediation of BRL 213 million compared to BRL 208 million a year ago. Operating income was BRL 8 million compared to loss of BRL 16 million a year ago. Income before taxes and profit sharing was BRL 11 million compared to loss of BRL 12 million a year ago. Net income was BRL 2 million compared to loss of BRL 9 million a year ago. For the year, on managerial basis, the company reported income from financial intermediation of BRL 722 million compared to BRL 609 million a year ago. Operating loss was BRL 430 million compared to BRL 72 million a year ago. Loss before taxes and profit sharing was BRL 422 million compared to BRL 53 million a year ago. Net loss was BRL 263 million compared to income of BRL 14 million a year ago. For the quarter, on company basis, the company reported income from financial intermediation of BRL 208 million compared to BRL 211 million a year ago. Operating income was BRL 3 million compared to loss of BRL 13 million a year ago. Income before taxes and profit sharing was BRL 6 million compared to loss of BRL 9 million a year ago. Net income was BRL 2 million compared to loss of BRL 9 million a year ago. Annualized ROAE was 0.9% compared to negative ROAE of 3.1% a year ago. Annualized ROAAw was 0.1% compared to negative ROAAw of 0.6% a year ago. Earnings per share were BRL 0.02 compared to loss per share of BRL 0.08 a year ago. EBIT was BRL 6 million compared to LBIT of BRL 9 million a year ago. Reconciled EBIT was BRL 11 million compared to LBIT of BRL 12 million a year ago. For the year, on company basis, the company reported income from financial intermediation of BRL 731 million compared to BRL 674 million a year ago. Operating loss was BRL 421 million compared to BRL 6 million a year ago. Loss before taxes and profit sharing was BRL 413 million compared to income of BRL 13 million a year ago. Net loss was BRL 263 million compared to income of BRL 14 million a year ago. Annualized negative ROAE was 1.2% compared to ROAE of 3.4% a year ago. Annualized negative ROAAw was 0.2% compared to ROAAw of 0.5% a year ago. Loss per share was BRL 2.22 compared to BRL 0.12 earnings per share a year ago. As at December 2017, the company’s book value per share was BRL 7.66 per share compared to BRL 9.85 per share a year ago. LBIT was BRL 413 million compared to EBIT of BRL 13 million a year ago. Reconciled EBIT was BRL 422 million compared to LBIT of BRL 53 million a year ago.