Desarrolladora Homex, S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the company's total revenues were MXN 688.99 million compared with MXN 232.5 million a year ago. Operating income was MXN 214.9 million compared with MXN 4,206.8 million a year ago. This was principally as a result of the debt forgiveness from the outstanding principal balance of a credit contract with a company's creditor registered during the Second Quarter of 2016. Loss before taxes on earnings was MXN 192.2 million compared with income of MXN 2,755.6 million a year ago. Consolidated net loss was MXN 355.3 million compared with net income of MXN 3,390.4 million a year ago. For the quarter, the company's total revenues were MXN 254.4 million compared with MXN 65.2 million a year ago. Operating loss was MXN 457.0 million compared with operating income of MXN 4,399.7 million a year ago. This result was primarily driven by the low level of operations of the company, as well as the recording of other expenses for MXN 337 million in relation to accounting provisions that do not represent a cash outflow. Loss before taxes on earnings was MXN 624.9 million compared with income of MXN 3,272.4 million a year ago. Consolidated net loss was MXN 612.9 million compared with net income of MXN 3,752.6 million a year ago.