Empresas Lipigas S.A. announced its consolidated financial results for the third quarter ended December 31, 2019.

Highlights FY 2019:

  • EBITDA (excluding the effects of IFRS 16) reached CLP 96,138 million, 12.1% higher than the previous year (CLP 85,747 million).
  • Consolidated LPG sales volume increases by 0.5%.
  • Consolidated sales volume in equivalent LPG tons (including sales of network natural gas, compressed natural gas, and liquefied natural gas) increases by 0.6%.
  • Income after taxes (excluding the effects of IFRS 16) decreases by 3.4%.

Highlights 4Q 2019:

  • EBITDA (excluding the effects of IFRS 16) reached CLP 22,964 million, 9.4% higher than the previous year (CLP 20,989 million).
  • Consolidated LPG sales volume decreases by 3.0%.
  • Consolidated sales volume in equivalent LPG tons (including sales of network natural gas, compressed natural gas, and liquefied natural gas) decreases by 4.3%.
  • Income after taxes (excluding the effects of IFRS 16) decreases by 43.7%.

About these the general manager of Empresas Lipigas S.A, Ángel Mafucci said “in Lipigas we closed a positive year, marked by a 12.1% increase of consolidated EBITDA (excluding the effects of IFRS 16). This is the result of the business strategy we have been successfully implementing since the end of 2018 and that is projected over time with a plan that seizes the opportunities of a changing energy market delivering efficient solutions and high-quality service to our customers.

he added that “as part of this strategy, we have continued enhancing direct arrival to end-customers with the support of digital tools that allow us to get to know them more closely, along with understanding and even getting ahead of their needs to serve them better and better”.

Review full Press Release HERE