Empresas Copec’s profits rose in 2020 despite the pandemic

Empresas Copec released the company’s financial results for the sixth quarter of 2020. EBITDA for the aforementioned period reached $573 million, which in relation to the last quarter of 2019 increased 44.4%. In relation to the third quarter, it increased 22.4% due to an increase in fuel margins and a better performance in Arauco. In annual terms, a profit of $118 million was recorded. The result was $20 million higher than in the third quarter, due to higher operating income in the forestry and liquid fuels area, partially offset by lower operating income in Abastible.

Source: Diario Estrategia