Empresas Copec S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 17, 2023 at 07:10 pm EDT
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Empresas Copec S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 7,070.27 million compared to USD 7,391.82 million a year ago. Net income was USD 58.53 million compared to USD 381.53 million a year ago. Basic earnings per share was USD 0.045025 compared to USD 0.293517 a year ago.
For the six months, sales was USD 14,570.39 million compared to USD 14,177.63 million a year ago. Net income was USD 213.53 million compared to USD 1,000.8 million a year ago. Basic earnings per share from continuing operations was USD 0.158903. Basic earnings per share was USD 0.164275 compared to USD 0.769934 a year ago.
Empresas COPEC SA is a Chile-based holding company engaged, through its subsidiaries, in the energy and natural resources sectors. The Companyâs operations are structured into four business sectors: the Forestry Business. Fuels Business, Fishing Business and Other Investments. The Company operates in the forestry business through its affiliate Arauco, which produces wood pulp, panel and sawn lumber. The Companyâs fuel business is focused on the liquefied fuels, lubricants, and liquefied petroleum gas and natural gas markets. The Company operates in the fishing business through its affiliate Pesquera Iquique - Guanaye, which produces fishmeal, fish oil, canned and frozen seafood for human consumption. The Company has productive platforms in Argentina, Brazil, Canada, Colombia, the United States and Uruguay. On April 11, 2014, the Company with Inversiones Ultraterra Ltd sold their total stake in Empresa Electrica Guacolda to AES Gener.
EMPRESAS COPEC S.A. 
