Cost of sales declined notably by 11%, while gross profit declined by 6% to $75 million with an improved gross profit margin of 34% from 33% in 2014.
The EBITDA of the Group’s continuing operations dropped slightly by 2% to $92 million with an improved EBITDA margin of 42% from 39% in 2014.
Profit from continuing operations for the first six months of 2015 was $32 million, representing a 18% decline from the same period in 2014. Profit attributable to shareholders increased by 32% to S$32 million, as there were losses from discontinued operations for the same period in 2014.
Earnings per share increased by 29% to $0.9 cent from $0.7 cent in 2014.
Bracell Limited is one of the largest specialty cellulose producers in the world. Bracell’s operations in Brazil consist of a secure renewable plantation that grows eucalyptus trees on its 150,000 hectares of freehold land, and a state-of-the-art mill to produce both specialty-grade and rayon-grade dissolving wood pulp.
