In the 2Q 2018, Empresas CMPC S.A. (CMPC) continued to benefit from supportive market conditions in pulp, where the company had stable operations during the quarter. Total revenue reached $1,618 million for the 2Q 2018, up 8% compared to 1Q 2018, and 26% compared to 2Q 2017, as the company said in the press release received by Lesprom Network.
EBITDA totaled $507 million during the quarter, up 27% quarter-on-quarter and 75% year-on-year, with 31.3% EBITDA margin, up from 26.7% in 1Q 2018 and 22.7% in 2Q 2017.
CMPC reported a net income of $95 million in 2Q 2018, compared to a net income of $144 million in 1Q 2018 and $26 million in 2Q 2017. Adjusted for the impact of currency movement on deferred taxes, net income would have been $207 million in 2Q 2018.
Empresas CMPC produces forestry, pulp, paper, tissue and packaging products throughout Latin America.
