Empresas CMPC S.A. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2020
August 07, 2020 at 01:58 am EDT
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Empresas CMPC S.A. reported consolidated earnings results for the second quarter and six months ended June 30, 2020. For the quarter, the company reported sales of $1,239.8 million compared $1,442.0 million a year ago. Operating Income was $87.733 million compared to $139.431 million a year ago. Net Income was $18.458 million compared to $61.577 million a year ago.
For the six months, the company reported sales of $2,587.8 million compared $2,891.3 million a year ago. Operating Income was $117.600 million compared to $303.893 million a year ago. Net loss was $113.289 million compared to net income of $118.800 million a year ago.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.
EMPRESAS CMPC S.A. 
