Revenues increased 8.8%. EBITDA grew by 20.2%. EPS increased by 24.5%. Operating margins surpassed 50% for fiscal 2016.
From an income statement perspective, the sharp depreciation in the Mexican peso has offered a material lift to earnings. Most of Asurs expenses are peso denominated, whereas a goodly portion of the revenue line is denominated in either US dollars or other foreign currencies.
This currency tailwind may persist throughout the balance of 2017.