Tissue World Magazine, World News

(News from RISI) – Chilean pulp and paper producer CMPC released its second quarter results showing consolidated sales of $1.1 billion, 0.5% higher than a year ago.

Pulp sales volume rose 56% year-over-year to 791,000 tonnes due to the new 1.3 million tpy bleached eucalyptus kraft (BEK) pulp capacity of GuaĂ­ba mill, which kicked off in Brazil in May 2015.

The company’s EBITDA totalled $221 million in the quarter, up 2% compared to a year ago, with a 14% margin, compared to 11% in 1Q16 and 12% in 2Q15. Net Debt/EBITDA ratio ended the quarter at 3.2x, up from 3.1x in 1Q16 and down from peak of 3.8x in 2Q15.

CMPC also posted a net income of $47 million, compared to $60m in 1Q16 and $28m in 2Q15.