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Consolidated Statements of income - BRL (R$) R$ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Consolidated Statements of income/(loss) |  |  |
Net sales revenue | R$ 13,443,376 | R$ 10,580,673 | R$ 9,839,162
Cost of sales | (6,922,331) | (6,496,304) | (6,563,080)
Gross profit | 6,521,045 | 4,084,369 | 3,276,082
Operating income (expenses) |  |  |
Selling expenses | (598,726) | (423,325) | (416,310)
General and administrative expenses | (825,209) | (528,974) | (427,100)
Equity in earnings of associates | 7,576 | 5,872 | (7,127)
Other operating income (expenses), net | (96,875) | 140,510 | (1,150,561)
Total operating income (expenses) | (1,513,234) | (805,917) | (2,001,098)
Operating profit before net financial income (expenses) | 5,007,811 | 3,278,452 | 1,274,984
Net financial income (expenses) |  |  |
Financial income | 459,707 | 379,049 | 2,277,924
Financial expenses | (5,302,220) | (1,397,889) | (1,156,204)
Financial result, net | (4,842,513) | (1,018,840) | 1,121,720
Net income before taxes | 165,298 | 2,259,612 | 2,396,704
Income taxes |  |  |
Current | (586,568) | (202,187) | (188,817)
Deferred | 741,084 | (236,431) | (530,072)
Income and social contribution benefits (expenses) on the year | 154,516 | (438,618) | (718,889)
Net income for the year | 319,814 | R$ 1,820,994 | R$ 1,677,815
Result of the period attributed to the controlling shareholders | 319,693 |  |
Result of the period attributed to non-controlling shareholders | R$ 121 |  |
Basic earnings per share |  |  |
Common | R$ 0.29236 | R$ 1.66804 | R$ 1.53922
Diluted earnings per share |  |  |
Common | R$ 0.29199 | R$ 1.66433 | R$ 1.53430

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