Empresas Lipigas announced its consolidated financial results for the first quarter ended March 31, 2019.<\/p>\n
Highlights last 3 months:<\/strong><\/p>\n \u2022 EBITDA -excluding the effects of IFRS 16 (*)- reached CLP 15,809 million, a 6.6% higher than the
\nprevious year (CLP 14,825 million).
\n\u2022 Consolidated LPG sales volume increases by 1.4%.
\n\u2022 Consolidated sales volume in equivalent LPG tons (including sales of network natural gas,
\ncompressed natural gas and liquefied natural gas) increases by 3.5%.
\n\u2022 Income after taxes (excluding the effects of IFRS 16) increases by 18.8%.<\/p>\n(*)For the year 2019, Empresas Lipigas has adopted the amendments established by the
\nInternational Financial Information Standard No.16 (IFRS 16), implying that the distinction between financial
\nand operating leases disappears, thus practically all leases follow the same recording model. A more detailed
\ndescription of the effects of the adoption of IFRS 16 is included in note 2.2 of the interim consolidated financial
\nstatements as of March 31, 2019. This causes the comparison between periods to be difficult because the
\nresults of 2018 do not incorporate above-mentioned effect. To facilitate the understanding of the Company’s
\nresults, the figures in this report have been prepared excluding the effects associated with IFRS 16 for both
\n2018 and 2019, unless explicitly stated.<\/h5>\n