Iberpapel Gestion : posts first-half net profit of €9.38 million
July 29, 2016 at 11:22 am EDT
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The Iberpapel Group posted substantial earnings growth in the first half of 2016: net profit increased by 70.95% year-on-year to €9.38 million (1H15: €5.49 million).
Revenue amounted to €104.26 million, down 7.24% from 1H15, while EBITDA came in at €17.91 million, year-on-year growth of 50.45%.
Revenue from paper sales declined by 3.5%, driven by lower sales volumes. Nevertheless, net profit rose sharply, evidencing the Iberpapel Group's ability to defend its margins.
Iberpapel Gestion SA published this content on 28 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 July 2016 15:22:04 UTC.
Original documenthttp://www.iberpapel.es/en/news/301-iberpapel-posts-first-half-net-profit-of-9-38-million
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Iberpapel Gestion SA is a Spain-based holding company engaged in the paper industry. The Company operates through three divisions: Forestry, involved in the acquisition and cultivation of eucalyptus plantations in Argentina, Uruguay and Spain; Industrial, focused on the production of bleached pulp and paper products, and Commercial, specialized on the distribution of products such as printing and photocopy paper, offset paper, light-coated paper, laser printing paper, paper bags and envelopes. The Companyâs subsidiaries include Distribuidora Papelera SA, Moliner Dominguez y Cia SA, Ibereucaliptos SA, Papelera Guipuzcoana de Zicunaga SA, Central de Suministros de Artes Graficas Papel SA and Copaimex SA, among others. The Companyâs major shareholders include ONCHENA, SL and BESTINVER GESTION, SA.
IBERPAPEL GESTIÓN, S.A. 
