Sare Holding, S.A.B. de C.V announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of MXN 73,302,000 compared with MXN 154,936,000 a year ago. Operating loss was MXN 14,086,000 compared with income of MXN 10,404,000 a year ago. Loss before tax was MXN 37,486,000 compared with MXN 752,000 a year ago. Net loss was MXN 27,027,000 compared with MXN 542,000 a year ago. Net cash flow used in operating activities was MXN 78,009,000 compared with net cash flow from operating activities of MXN 48,160,000 a year ago. LBITDA was MXN 14,002,000 compared with EBITDA of MXN 10,579,000 a year ago. Negative ROA was 4.5% compared with 0.1% a year ago. Negative ROE was 11.9% compared with 0.2% a year ago. Net loss was mainly due to the financial expenses associated with the company's debt service obligations, which were partially offset by a positive income tax effect.

For the nine months, the company reported revenue of MXN 267,039,000 compared with MXN 336,887,000 a year ago. Operating loss was MXN 1,623,000 compared with income of MXN 11,093,000 a year ago. Loss before tax was MXN 107,730,000 compared with MXN 24,563,000 a year ago. Net loss was MXN 77,673,000 compared with MXN 17,710,000 a year ago. Net cash flow used in operating activities was MXN 32,720,000 compared with net cash flow from operating activities of MXN 172,818,000 a year ago. LBITDA was MXN 6,601,000 compared with EBITDA of MXN 8,575,000 a year ago.

For the year 2017, the company expected revenue growth in the range of 15% to 25% year-over-year, positive and stable EBITDA generation and a solid financial position, maintaining a healthy leverage.