ISA ended the 2016’s first quarter with an increase of 31.3% in net income

ISA ended the 2016’s first quarter with an increase of 31.3% in net income

Consolidated operating revenues were COP 1.541.884 million.
EBITDA reached COP 778.945 million, with a 50,5% EBITDA margin.
Net income was COP 192.414 million, with a 12,5% net margin.
During the first quarter of 2016, ISA reached a 31,3% net income increase compared to the same period of 2015. This result consolidates the entry into operation of new projects in Peru, higher operating revenues in Chilean road concessions and higher revenues from UPME bidding processes in Colombia.
The results also include the conversion effect of the financial information from foreign subsidiaries, which generated changes in various line items of the financial statements
EBITDA for the first quarter of 2016 increased COP 159.228 million compared to the same period of 2015. This increase was due to the net effect of higher revenues, associated to some costs and expenses that increased in a lower amount. In percentage terms, EBITDA increased 25,7%. The EBITDA margin was 50,5%.

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