Iberpapel posts a profit of €12.88 million in the first half of 2019, up 3.14% year-on-year
The Iberpapel Group continues to post earnings growth. Specifically, in the first half of 2019, net profit increased by 3.14% year-on-year to €12.88 million (1H18: €12.49 million).
Revenue amounted to €116.97 million, up 4.77% from 1H18, while EBITDA came in at €20.94 million, growth of 2.93% year-on-year.
|Profit after tax||12.88||12.49|
The modest growth in EBITDA and net profit was underpinned primarily by growth in average sales prices for printing and writing papers compared to the first half of 2018.