Empresas Lipigas S.A.,leader in commercializing and distributing gas in Chile, with operations in Peru and Colombia, announced its consolidated financial results for the period ended the second quarter of 2016, marked by a 25% increase in net income during the first half compared to the same period of the previous year. At the same time, between January and June 2016, the Company’s EBITDA amounted to CLP$37,630 million, representing a 10.5% growth versus the first half of 2015.
“These results are mainly due to the 7% increase in sales volume of the LPG operation in Chile and to better unit margins, including the seaborne import of raw material through the Quintero terminal. On the other hand, industrial LNG truck sales in Chile increased 67% during the first half of 2016 regarding the previous year, allowing us to continue diversifying the energy offer to our customers,” said Ángel Mafucci, General Manager of Empresas Lipigas.
During the first half of 2016, the Company’s consolidated revenues reached CLP$195,689 million, representing a 12.1% increase compared to the same period in 2015.
In addition, there was significant progress in the three countries where it operates. While in Colombia LPG sales volume increased 2.3%, Peru recorded a 55.8% increase in equivalent LPG tons, mainly driven by the entry of Neogas, a company in the compressed natural gas business, which was not present in the same period of the previous year.