CMPC Q2 Net Profit Down 76%

Empresas CMPC SA reported a 76% drop in its second-quarter net profit. Its quarterly net profit dropped to $38.57 million. CMPC's sales fell 3.3% to $1.16 billion, versus $1.20 billion, in the year-earlier period. For the first half, CMPC's net profit declined 49% y/y to $162.34 million. CMPC's earnings before interest, taxes, depreciation and amortization (EBITDA) dropped 25% y/y to $466 million in the January to June period.