Sociedad Matriz SAAM S.A. reported earnings results for the first quarter of 2017. The company posted net income of $8.1 million for the first quarter of 2017, reflecting a decrease from $14.6 million reported for the first quarter of 2016. At an operational level, the Company reported sales of $179.9 million and EBITDA of $49.3 million for the first quarter of 2017, 4.0% higher and 4.5% lower respectively with the same quarter in 2016. Operating result was $23.452 million against $29.493 million a year ago. ROE was 6.5% against 9.8% a year ago. ROA was 3.7% against 5.7% a year ago.