FINANCIAL HIGHLIGHTS
Fourth Quarter and Fiscal Year 2016 Financial Highlights
Best Results in the History of the Company
Strong and continuous revenue growth
- Record revenues
- Annual revenues of $1.25 billion (30% YoY growth)
- Quarterly revenues of $340 million (34% YoY growth)
Substantial net profit and margins increase
- Record Net profit of $204 million in 2016
- Record EBIDTA of $367 million in 2016
Strong Balance Sheet and Financial Ratios
- Net cash of $37 million (as of Dec’31, 2016) as compared to net debt of $105 million (as of Dec’31, 2015)
- Increased cash and short-term deposits to $389 million
- Record shareholders equity of $683 million (as of Dec’31, 2016), as compared to $386 million (as of Dec’31, 2015)