Semapa registered a net income of 73.5M€ this first semester, 24.3% more than in the same period of last year as the company revealed this Friday.
Semapa registered a net income of 73.5M€ this first semester, 24.3% more than in the same period of last year as the company revealed this Friday. The “net profit attributable to Semapa share holders stood at 73.5 million euros, up by 24.3% in relation to the same period in the previous year”, one can read in the result’s report sent to CMVM (the Portuguese Securities Authority).
According to the same document, contributing to this net income was not only the improvement in net financial results of 18.8M€ but also the reduction of income taxes in about 700,000€. EBITDA dwindled by 1.8% to 264.5M€.
The paper company’s consolidated revenue stood at 1,119.2M€, which represents an increment of 4.7%.
Exportations ascended to 823.4M€, the equivalent to 73.6% of total business volume.
According to the information conveyed to CMVM, Semapa’s consolidated net debt totalled 1,635.3M€ by 30th of June, which represents an increase of 83.7M€ relative to the end of 2018’s.
Regarding business performance per se, the paper and pulp sector registered a turnover of 854.1M€, 4.6% above 2018’s same semester.
” With sales of 611.1 million euros, the paper business segment accounted for 72% of revenue, energy accounted for 10% (82.8 million euros), pulp approximately 9% (77.6 million euros), and the tissue business approximately 8% (65.7 million euros)”, the company declared.
This Friday, 27th of July, Semapa fell 0.16% to 12.48€ in the Stock Exchange.