SAAM reported consolidated earnings results for the second quarter and first half of 2018. For the quarter, the company posted net income of $11.8 million, replacing a decrease of 66% over the second quarter of 2017. Nevertheless, if exclude the results of discontinued operations and extraordinary gains contained in 2017 results, quarterly earnings grew 72%. The company reported consolidated sales of $130 million, which represents an increase of $15 million over the same period in 2017. This increase is explained mainly by the growth in volumes registered by Port Terminals Division. Consolidated EBITDA for the period increased $7.8 million over the second quarter of 2017. Net income from continuing operations, attributable to the controller, reached $11.8 million for the second quarter of 2018, representing an increase of $4.9 million over the same quarter last year.

For the first half, the company reported net income of $42.4 million for the first half of 2017. This amount goes to $10.1 million if exclude extraordinary gains and the result of discontinued operations. For the first half of 2018, net income totaled $20 million, which represents a growth of 96% over the first half of the prior year, explained by improved results from those 3 different divisions. During the first half of 2018, the investments totaled $34 million. This represents a 40% progress compared to what was estimated for 2018, which was $85 million.

Capital expenditure in 2018 is expected to be around $85 million, which represents a decrease of 30% when compared to the one in 2017.