Papeles y Cartones de Europa, S.A. reported consolidated earnings results for the first quarter of 2018. For the quarter, the company reported income of EUR 235.360 million against EUR 210.071 million a year ago. Operating profit was EUR 37.174 million against EUR 18.620 million a year ago. Profit before tax was EUR 35.112 million against EUR 16.489 million a year ago. Net profit attributable to the parent company was EUR 25.203 million against EUR 11.176 million a year ago. EBITDA was EUR 49.354 million against EUR 31.030 million a year ago.