Empresas Lipigas S.A. announced, on Wednesday March 7, 2017, its consolidated financial results for the fourth quarter ended December 31, 2017.
EBITDA reached CLP 87,499 million, a 12.0% increase compared to the previous year (CLP 78,118 million). Consolidated LPG sales volume increases by 3.6% ans consolidated NG sales volume in equivalent LPG tons (including sales of network natural gas, compressed natural gas and liquefied natural gas) grows by 3.1%. Income after taxes increases by 10.1%.
Angel Mafucci, general manager of Empresas Lipigas said: “We closed a very positive year for Lipigas. The commercial and financial results stood behind us. We increased our LPG sales volume by 3.6% and our EBITDA by 12.0%. LPG sales in Chile increased by 4.7%. Although part of this increase is due to a winter season with lower temperatures, it also reflects the consolidation of our strategy of closeness with end-customers”.
“During the year we also began the natural gas distribution service to clients in Puerto Montt and Osorno, we began operating in Concón our first small-scale DG power plant (PMDG for its acronym in Spanish) and in January of this year we partnered to materialize our first LPG-based power plant project for a mining client in the Coquimbo region. In short, we continue to develop our strategy of providing our customers with a wide range of solutions that meet their energy needs, backed by a renowned and reliable brand such as Lipigas”, concluded.