Empresas CMPC S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 07:16 pm EDT
Share
Empresas CMPC S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,983.13 million compared to USD 1,572.06 million a year ago. Net income was USD 224.7 million compared to USD 244.36 million a year ago. Basic earnings per share from continuing operations was USD 0.0899 compared to USD 0.0977 a year ago. Diluted earnings per share from continuing operations was USD 0.0899 compared to USD 0.0977 a year ago.
For the six months, sales was USD 3,713.17 million compared to USD 3,001.15 million a year ago. Net income was USD 475.22 million compared to USD 316.99 million a year ago. Basic earnings per share from continuing operations was USD 0.1901 compared to USD 0.1268 a year ago. Diluted earnings per share from continuing operations was USD 0.1901 compared to USD 0.1268 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. 
