Empresas CMPC S.A. (CMPC) announced its unaudited results for 3Q 2018. Total revenue reached $1,623 million for the 3Q 2018, relatively unchanged on 2Q 2018, and up 21% compared to 3Q 2017, as the company said in the press release received by Lesprom Network.
EBITDA totaled $508 million during the quarter, relatively unchanged QoQ, and up 57% YoY, with 31.3% EBITDA margin, unchanged from 2Q 2018 and up from 24.2% in 3Q 2017.
CMPC reported a net income of $151 million in 3Q 2018, compared to a net income of $95 million in 2Q 2018 and $89 million in 3Q 2017. The QoQ increase is mainly explained by the lower impact of currency movement on deferred taxes, while the YoY increase is explained by the better operational result, partly offset by a higher income tax provision.
Empresas CMPC S.A. is a leading large-scale Latin American producer of pulp, tissue, wood, paper and packaging products, serving global and local markets.
