Empresas Lipigas S.A. announced its consolidated financial results for the third quarter of 2015, ended September 30, 2015.
The company’s income after tax increased 57.7% during the first nine months of the year, with growth in all three countries. In this same period, EBITDA was CLP$61,391 million, increasing 55.2%. EBITDA generation in Chile, Colombia and Peru increases because of gross margin improvement.
The gross margin of the company – controlled by the Yaconi, Santa Cruz, Noguera, Vinagre and Ardizzoni families – reached CLP$127,849 million, increasing 26.3%. In Chile, this result was favored by the beginning of the import of product by sea. As part of its strategic plan, in March of this year Empresas Lipigas began to directly import liquefied gas (LPG) through the maritime terminal at Quintero, which expanded its array of procurement and strengthened its competitive position. To date, the volume operated by the terminal is 157,000 tons of LPG. In Colombia and Peru, gross margin increased as a result of greater sales volume and better margins.
Lipigas is an energy company that seeks to contribute to sustainable development by improving the quality of life through the commercialization of gas in Latin America. In Chile it is an industry leader with the largest network nationwide. It distributes liquefied petroleum gas, natural gas and liquefied natural gas in residential, industrial and real estate sectors and vehicular gas from Arica to Coyhaique. Since 2010 it has been present in the distribution market of liquefied gas in Colombia and since 2013, in Peru.