Iberpapel reports growth in net profit of 15.69% to €17.6 million in the first nine months of the year
The Iberpapel Group reported notable earnings growth in the first nine months of 2018: net profit increased by 15.69% year-on-year to €17.6 million (9M17: €15.22 million).
Revenue amounted to €166.65 million, up 2.36% from 9M17, while EBITDA came in at €29.33 million, growth of 11.04% year-on-year.
|Profit after tax||17.60||15.22|
This positive earnings momentum is all the more noteworthy in light of the developments unfolding throughout the year that had an impact on output and profits: the general maintenance stoppage; the cost of emission allowances; and the application of conservative revenue recognition criteria with respect to the remuneration for the energy sold by the Group as a result of the parameters established in Spanish Royal Decree 413/2014