At the end of 2013, Resodemia announced a program to improve profitability and create shareholder value. Their 2014-2015 income statements are as shown below. How did they do? Implications for their future?

(Millions of Ss) Year ending 12/31 2015 2014 2013 Sales Cost of Goods Sold Gross Profit $3,355 $2,465 $890 $3,370 $2,380 $990 $3,250 $2,345 $905 R&D SG&A l otal Expenses $165 $550 $715 $250 $600 $850 $325 $650 $975 Operating Profit Interest Income BeforeTax Taxes Net Income $175 $25 $150 $45 $105 $140 $30 $110 $35 $75 $70) $35 $105) $25 $130