Arauco revenues negatively impacted by US-China trade war
Net income for Arauco, one of the world’s largest forestry companies, reached USD 126.1 million in 1Q-2019, a 36.2% or USD 71.6 million decrease compared to the first quarter of 2018. Sales revenues totaled USD 1,388.2 million during the first quarter (1Q) of 2019, a 5.2% drop compared to 1Q-2018 (USD 1,464.7) while adjusted EBITDA reached USD 354.9 million, a 22.3% or USD 102.1 million decrease compared to the 1Q-2018. As it was expected for the 1Q-2019, sales of pulp ...
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