Iberpapel posts first-half net profit of €3.12 million
Jul 24, 2014
The recovery in paper prices drove a pronounced improvement in the Group’s first-half earnings compared to the first quarter of 2014, when it earned €0.62 million.
The paper maker continues to evaluate the impact of the electricity sector reforms passed in the Ministerial Order of 17 June 2014.
First-half revenue amounted to €102 million, while EBITDA totalled more than €9 million.
Net profit in the first six months of the year came to €3.12 million.
| (€ million) | 1H14 | 1H13 |
| Revenue | 102.02 | 116.09 |
| EBITDA | 9.09 | 16.49 |
| Profit after tax | 3.12 | 7.95 |
Press release