Klabin S.A. Announces Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2018
February 06, 2019
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Klabin S.A. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company's net revenue was BRL 2,785,303,000 compared to BRL 2,297,896,000 a year ago. Operating income (before financial results) was BRL 1,094,099,000 compared to BRL 526,940,000 a year ago. Net income was BRL 912,977,000 compared to loss of BRL 82,893,000 a year ago.
For the year, the company reported net revenue was BRL 10,016,461,000 compared to BRL 8,373,378,000 a year ago. Operating income (before financial results) was BRL 2,977,641,000 compared to BRL 1,538,428,000 a year ago. Net income was BRL 186,818,000 compared to BRL 532,169,000 a year ago.
For the fourth quarter, the company's pulp production volume was 416,000 tonnes compared to 394,000 tonnes a year ago.
For the year, the company's pulp production volume was 1,444,000 tonnes compared to 1,401,000 tonnes a year ago.
Klabin S.A. and its subsidiaries operate in segments of the paper and pulp industry, supplying the domestic and foreign markets with wood, packaging paper, paper sacks, corrugated cardboard boxes and pulp. The Company's segments include Forestry, Paper, Conversion and Pulp. The Forestry segment involves operations relating to planting and growing pine and eucalyptus trees to supply its plants, and involves selling timber to third parties in the domestic market. The Paper segment involves the production and sale of cardboard, kraftliner and recycled paper rolls in the domestic and foreign markets. The Conversion segment involves the production and sale of corrugated cardboard boxes, corrugated cardboard and industrial sacks in the domestic and foreign markets. The Pulp segment includes the production and sale of short fiber bleached pulp, long fiber bleached pulp and fluff pulp in the domestic and foreign markets. The Company has over 20 industrial units in Brazil and Argentina.