Masisa narrows Q3 loss as North American moulding sales rise
Higher export volumes and lower administrative expenses supported earnings, while rising input costs squeezed gross profit. Chilean wood-based panel producer Masisa narrowed its third-quarter loss attributable to controlling shareholders to US$3.9 million, from US$4.7 million a year earlier. Revenue rose 5% to US$72.3 million, supported by a 13.1% increase in North American moulding sales volumes. EBITDA increased to US$3.6 million from US$2.6 million. Higher sales did not translate into stronger gross profitability. Cost of sales increased 7.8% to US$67.6 million, outpacing revenue ...
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