Ence Energía Y Celulosa, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 10:34 am EDT
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ENCE Energía y Celulosa, S.A. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was EUR 183.5 million compared to EUR 195.6 million a year ago. Net loss was EUR 11.8 million compared to net income of EUR 17.3 million a year ago. Basic loss per share was EUR 0.05 compared to basic earnings per share of EUR 0.07 a year ago.
Ence Energia y Celulosa SA, formerly Grupo Empresarial ENCE SA, is a Spain-based company engaged in the operation of pulp mills. The Company' activities are divided into two business units: Pulp and Energy. The Pulp business unit is subdivided into three segments: Pulp, manufacturing pulp and pulp derivatives, such as lignin and biomass, as well as co-generating energy; Forest Management, providing forest crops and wood raw materials, and Forest Services & Other, including residual business activities, as well as forest support services. The Energy business unit focuses on generating energy using forestry and agricultural biomass, as well as, thermos and solar electric energy generation. The Company operates pulp mills and power generation plants in Spain.
ENCE ENERGÍA Y CELULOSA, S.A. 
