Earnings at Chilean steel and iron ore producer Compa???-a de Acero del Pac?-fico (CAP) increased by 30.10% in 2017, compared with the previous year, mainly due to better results from its iron ore business.
Earnings before interest, taxes, depreciation and amortization (Ebitda) came to $575.96 million last year, compared with $442.64 million in 2016, the company said in a note to the Chilean securities regulator, SVS, on Thursday February 1.The growth was mainly due to the improved performance of its 75%-owned iron ore division, Compa???-a Minera del Pac?-fico (CMP), which reported Ebitda of $484.56 million in 2017, up by...