ALTRI, SGPS, S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenues of EUR 169,892,818 against EUR 154,999,151 a year ago. Profit before income tax was EUR 47,505,764 against EUR 22,068,805 a year ago. Profit attributable to parent company's shareholders was EUR 32,645,343 or EUR 0.16 basic and diluted earnings per share against EUR 17,124,089 or EUR 0.08 basic and diluted earnings per share a year ago. Net debt was EUR 365.2 million. EBITDA was EUR 63,278,000 against EUR 40,122,000 a year ago. EBIT was EUR 49,415,000 against EUR 26,207,000 a year ago. Net debt as at March 31, 2018 was 365.2 million.

For the quarter, the company reported that approximately 257,100 tons of pulp were produced, of which approximately 27.3 thousand tons of dissolving pulp. The decrease in production levels was due to the restrictions applied to Celtejo by environmental authorities.