Arauco´s fourth quarter net income was US$70.1 million, a decrease of 68.2% compared to the third quarter, driven by lower revenues mainly in the pulp segment, and higher other expenses. This lower income explains the decrease by 33.2% in the company's Adjusted EBITDA compared to last quarter, reaching US$342.6 million. Arauco's Adjusted EBITDA margin was 24.9%, down from 33.0% in the previous quarter.  In general, for Arauco all markets showed a stable demand, however, the pulp industry was affected by the uncertainty of the trade war between ...