CEMAR Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
CEMAR reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net operating revenues were BRL 699,962,000 against BRL 628,082,000 a year ago. Adjusted EBITDA was BRL 151 million against BRL 145 million a year ago. Adjusted net income was BRL 102 million against BRL 93 million a year ago. EBITDA was BRL 162,500,000 against BRL 124,274,000 a year ago. Net income was BRL 111,249,000 against BRL 82,806,000 a year ago. Income before tax was BRL 139,296,000 against BRL 94,402,000 a year ago. Operating income was BRL 124,053,000 against BRL 89,895,000 a year ago.
For six months, net operating revenues were BRL 1,409,106,000 against BRL 1,284,623,000 a year ago. Adjusted EBITDA was BRL 286 million against BRL 286 million a year ago. Adjusted net income was BRL 193 million against BRL 166 million a year ago. EBITDA was BRL 279,433,000 against BRL 257,827,000 a year ago. Operating income was BRL 200,143,000 against BRL 187,894,000 a year ago. Net income was BRL 187,226,000 against BRL 141,725,000 a year ago. Income before tax was BRL 169,398,000 against BRL 234,816,000 a year ago.