Aug 20, 2012. /Lesprom Network/. CMPC’s total revenues reached $1,162 million during the 2Q 2012, 1% lower when compared to those of 1Q 2012, as the company said in the press release received by Lesprom Network. During 2Q, the main changes in volumes were in the Paper Products, Pulp and Tissue divisions. The lower volumes of the Paper Product division responded to the early ending of the fruit export season in Chile. On the other hand, there were lower sale volumes for both softwood and hardwood. This was mainly explained by the maintenances undertaken in the Pacifico and Guaiba mills, as well as by a delay in a hardwood shipment with destination to China. Tissue paper sale volumes were higher across all Latam markets, except from Peru and Uruguay which remained unchanged when compared to those of 1Q. It is important to highlight the increase in the sale volumes of sanitary products, which increased 8% regionally when compared to those of 1Q. Finally, in terms of prices, the 8% increase in hardwood prices more than offset the 2% decrease in softwood prices. It is important to mention the positive effect generated by the start up of a new turbo generator which raised the financial figures of the Pulp division. On the other hand, Tissue prices were affected by local currencies depreciation. CMPC’s consolidated EBITDA reached $242 million, 8% higher than 1Q’s EBITDA. This increment is mainly explained by the higher EBITDA of the Pulp and Forestry divisions. It is important to highlight the $14 million EBITDA generated by the Energy business during the quarter. Net income during the 2Q reached $39 million, 69% lower than that of 1Q 2012. This decrement is mainly explained by the negative impact of the depreciation of the Chilean peso and its effect over differed taxes. This was slightly offset by the higher EBITDA generated during the quarter, as well as by the lower FX effects and Indexation units results during 2Q when compared to 1Q 2012. CMPC’s net debt as of the end of 2Q stood at $2,573 million, presenting a $79 million increase when compared to that as of March 31st, 2012. Total debt stood at $3,630 million, increasing $354 million compared with that as of March 31st, 2012 as a consequence of the issuance of a $500 million credit note in 2Q12. The Company closed the quarter with $1,058 million of Cash (defined as: cash and cash equivalents + term deposits within 90 to 360 days of maturity). CMPC is the largest Chilean pulp and paper company, being the biggest in Latin America. It is engaged in integrated forest industry, which operates as a holding company through five business centers: Forestry, Pulp, Paper, Tissue and Paper Products.