Fossil Fuels
Chile's Copec beats third-quarter expectations on forestry arm
Chilean commercial corporation Empresas Copec published a betterthanexpected thirdquarter net earnings on Thursday, backed by more powerful outcomes from its forestry arm. Copec's net profit landed at $404.3 million, above the $ 346.59 million predicted by experts surveyed by LSEG and reversing a net loss of $30.96 million in the exact same period last year. Incomes stood at $7.12 billion for the quarter, also beating the LSEG quote of $6.95 billion and somewhat above the $7.09 billion reported in 2015. Copec's forestry arm Arauco benefited as pulp volumes rose 21% and rates rose 13%. Production likewise rose from a year-ago...