Consolidated Statements of
INCOME

For the years ended December 31, 2015 and 2014
(In thousands of Mexican pesos, except for the earning per share, which is in Mexican pesos)

  Notes   2015   2014
Continuing operations:
Net sales 24 $ 10,636,180 $ 8,970,883
Cost and expenses:
Cost of sales     6,310,074   5,380,952
Operating expenses 20   2,575,906   2,069,045
Other income, net     (28,967)   (44,835)
      8,857,013   7,405,162
Operating income     1,779,167   1,565,721
 
Interest expense     247,203   296,086
Interest income     (17,148)   (24,541)
Exchange loss, net     399,418   331,633
      629,473   603,178
 
Income before income taxes     1,149,694   962,543
Income taxes 22   383,993   319,727
Income from continuing operations     765,701   642,816
Loss from discontinued operations, net of income taxes 19   64,376   200,359
Net income of the year   $ 701,325 $ 442,457
Earnings per basic and diluted share from continuing operations 4v   2.03   1.73
Earnings per basic and diluted share from discontinued operations 4v   (0.17)   (0.54)
Earnings per basic and diluted share 4v $ 1.86 $ 1.19

See accompanying notes to these consolidated financial statements