The company is trading at CLP 159 (€0.24/$0.34) on Friday, after reporting operating earnings before interest and taxes (EBIT) of $19.3 million (€13.4 million), up 168 percent year-on-year.
Multiexport’s revenue for the second quarter was $82.33 million (€57.1 million), up 57.6 percent.
However, the company’s reported net profit declined 26.7 percent year-on-year to $6.32 million (€4.4 million). This was due to the value of its biomass being adjusted down $10.38 million (€7.2 million), compared to a $7.33 million (€5.1 million) adjustment up in the second quarter of 2010.
The
