Arauco´s net income for the 1Q 2018 was $197.7 million, an increase of 137.8%, or $114.6 million compared to the $83.2 million obtained in the 4Q of last year. Revenues reached $1,464.7 million during the 1Q 2018 compared with the $1,331.3 million in the previous quarter, as a result of an increase in sales from pulp and wood products segment.

Zellulose

Arauco reports 1Q net income of $197.7 million

Arauco´s net income for the 1Q 2018 was $197.7 million, an increase of 137.8%, or $114.6 million compared to the $83.2 million obtained in the 4Q of last year. The increase is mainly explained by an increase in revenues, lower financial costs, a gain in other income, and a decrease in other expenses, compensated by an increase in income tax, as the company said in the press release received by Lesprom Network.

Revenues reached $1,464.7 million during the 1Q 2018 compared with the $1,331.3 million in the previous quarter, as a result of an increase in sales from pulp and wood products segment.

Adjusted EBITDA reached $463.5 million, an increase of 37%, or $125.3 million compared to the $338.2 million obtained during the 4Q 2017.

Arauco is a Chilean wood pulp, engineered wood and forestry company.