Consolidated Statements of Income

Grupo Lamosa, S. A. B. de C. V. and Subsidiaries
For the years ended December 31, 2018 and 2017.
(In thousands of Mexican pesos, except for the earning per share, which is in Mexican pesos)

  NOTES   2018   2017
Net sales 24 $ 17,727,029 $ 17,970,966
Cost and expenses:          
Cost of sales     10,701,241   11,008,643
Operating expenses 19   4,243,313   4,073,865
Other expenses, net     50,983   84,528
      14,995,537   15,167,036
Operating income     2,731,492   2,803,930
Interest expense     625,776   689,347
Hyperinflation effects on net monetary position     (31,188)   -
Interest income     (18,529)   (16,819)
Exchange (gain) loss, net     72,056   (217,457)
      648,115   455,071
Income before income taxes     2,083,377   2,348,859
Income taxes 21   728,017   671,560
Net income of the year   $ 1,355,360 $ 1,677,299
Earnings per basic and diluted share 3v $ 3.54 $ 4.38

 

See accompanying notes to these consolidated financial statements