Empresas CMPC S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 17, 2023 at 06:21 pm EST
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Empresas CMPC S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,996.44 million compared to USD 2,103.13 million a year ago. Net income was USD 84.38 million compared to USD 309.31 million a year ago. Basic earnings per share from continuing operations was USD 0.0338 compared to USD 0.1237 a year ago. Diluted earnings per share from continuing operations was USD 0.0338 compared to USD 0.1237 a year ago.
For the nine months, sales was USD 6,141.02 million compared to USD 5,816.3 million a year ago. Net income was USD 435.41 million compared to USD 784.53 million a year ago. Basic earnings per share from continuing operations was USD 0.1742 compared to USD 0.3138 a year ago. Diluted earnings per share from continuing operations was USD 0.1742 compared to USD 0.3138 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. 
