Grupo Lamosa, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2017 and 2016
(In thousands of Mexican pesos, except for the earning per share, which is in Mexican pesos)
| NOTES | 2017 | 2016 | |||
|---|---|---|---|---|---|
| Net sales | 24 | $ | 17,970,966 | $ | 13,619,256 |
| Cost and expenses: | |||||
| Cost of sales | 11,008,643 | 8,066,831 |
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| Operating expenses | 19 | 4,073,865 | 3,192,117 |
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| Other expense (income), net | 84,528 | (31,402) |
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| 15,167,036 | 11,227,546 |
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| Operating income | 2,803,930 | 2,391,710 |
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| Interest expense | 689,347 | 355,115 |
|||
| Interest income | (16,819) | (11,745) |
|||
| Exchange (gain) loss, net | (217,457) | 771,973 | |||
| 455,071 | 1,115,343 |
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| Income before income taxes | 2,348,859 | 1,276,367 |
|||
| Income taxes | 21 | 671,560 | 642,946 | ||
| Net income of the year | $ | 1,677,299 | $ | 633,421 | |
| Earnings per basic and diluted share | 4w | 4.38 | 1.66 |
See accompanying notes to these consolidated financial statements