Consolidated Statements of Income

Grupo Lamosa, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2016 and 2015
(In thousands of Mexican pesos, except for the earning per share, which is in Mexican pesos)

Grupo Lamosa, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2016 and 2015
(In thousands of Mexican pesos, except for the earning per share, which is in Mexican pesos)

  NOTES   2016   2015
Continuing operations:
Net sales 25 $ 13,619,256 $ 10,636,180
Cost and expenses:
Cost of sales     8,013,126   6,310,074
Operating expenses 20   3,196,361   2,566,781
Other income, net     (31,402)   (28,967)
      11,178,085   8,847,888
Operating income     2,441,171   1,788,292
 
Interest expense     355,115   256,328
Interest income     (11,745)   (17,148)
Exchange loss, net     771,973   399,418
      1,115,343   638,598
 
Income before income taxes     1,325,828   1,149,694
Income taxes 22   653,463   383,993
Income from continuing operations     672,365   765,701
Loss from discontinued operations, net of income taxes 19   -   64,376
Net income of the year   $ 672,365 $ 701,325
Earnings per basic and diluted share from continuing operations 4w   1.77   2.03
Earnings per basic and diluted share from discontinued operations 4w   -   (0.17)
Earnings per basic and diluted share 4w $ 1.77 $ 1.86

See accompanying » notes to these consolidated financial statements.

Ing. Federico Toussaint Elosúa
Chief Executive Officer

Ing. Tomás Luis Garza de la Garza
Chief Financial Officer