Fourth Quarter Highlights (2016 versus 2015) Sales of $13.1M compared to $11.0M , a 19% increase in Q4. Net earnings of $1.7M compared to $881K , a 93% increase. EBITDA of $2.35M compared to $1.76M , an increase of 33%. Bevo Agro Inc. ( BVO.V ) is pleased to report net earnings increased by 136% to $2,825,603 for the year ending June 30, 2016 compared to the previous year earnings of $1,197,556 . Net earnings for the fourth quarter were $1,700,264 , an increase of 93% over net earnings of $881,968 in Q4 last year. Bevo experienced record sales for the year ending June 30, 2016 of $31,167,250 , an increase of 19 % over sales of $26,221,677 for the year ended June 30 , 2015.Sales for the fourth quarter rose by 19% to $13,110,528 from $11,000,578 in Q4 last year and increased for the fourth consecutive quarter. The increase in sales was due to improved utilization of existing greenhouse areas and increased customer plant requirements. The additional eight acres of greenhouse ชุดเครื่องนอน space will be used to meet increased orders from our present customers. The gross profit was $8,610,294 (28% of sales) for the year ending June 30, 2016 compared to 6,801,354 (26% of sales) for fiscal 2015. Gross profit for Q4 of fiscal 2016 was $3,289,134 (25%) compared to $2,653,536 (24%) for the same quarter last year. Earnings before interest, taxes, depreciation and amortization (EDITDA) increased by 42% to $5,806,890 for the year ending June 30, 2016 compared to EBITDA of $4,078 ,579 for the previous year. EBITDA for Q4 of fiscal 2016 was $2,351,272 , a 33% improvement over $1,763,564 of EBITDA for the same quarter last year. Operating expenses totaled $1,590,505 for the fourth quarter compared to $1,570,248 for the same quarter last year. The total operating expenses totaled $5,390,936 for the twelve months ending June 30, 2016 , virtually unchanged from total operating expenses of $5,359,549 in the previous year. Bevo Agro maintains a balance of fixed and floating rates on borrowings as a hedge against interest rate fluctuations. From a balance sheet perspective, the Company maintains sufficient working capital to manage its business and to maintain conservative financial ratios.
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