Empresas CMPC S.A. (CMPC) announced its audited results for 4Q 2016. Consolidated sales were $1,271 million for the 4Q 2016, 2% higher compared to 3Q 2016 and to 4Q 2015, as the company said in the press release received by Lesprom Network.
EBITDA totaled $220 million during the 4Q 2016, down 17% quarter-on-quarter and 30% year-on-year.
4Q net loss of $162 million, compared to net income of $37 million in 3Q 2016 and $82 million in 4Q 2015.
4Q operating costs, excluding depreciation, stumpage and decrease due to harvest, were $871 million, up 7% sequentially and 13% annually. The quarter-on-quarter increase in costs was primarily due to higher costs in the Pulp division, reflecting increased pulp sales volumes and higher maintenance expenses compared to 3Q 2016.
Empresas CMPC is a leading large scale Latin American producer of pulp, tissue, wood & paper products.
