1Q19: Lipigas increased its EBITDA by 6.6%
![](https://d31n4s42c9zm35.cloudfront.net/com/uploads/2019/05/863x460-e1558707687219.png)
Empresas Lipigas announced its consolidated financial results for the first quarter ended March 31, 2019.
Highlights last 3 months:
• EBITDA -excluding the effects of IFRS 16 (*)- reached CLP 15,809 million, a 6.6% higher than the
previous year (CLP 14,825 million).
• Consolidated LPG sales volume increases by 1.4%.
• Consolidated sales volume in equivalent LPG tons (including sales of network natural gas,
compressed natural gas and liquefied natural gas) increases by 3.5%.
• Income after taxes (excluding the effects of IFRS 16) increases by 18.8%.
(*)For the year 2019, Empresas Lipigas has adopted the amendments established by the
International Financial Information Standard No.16 (IFRS 16), implying that the distinction between financial
and operating leases disappears, thus practically all leases follow the same recording model. A more detailed
description of the effects of the adoption of IFRS 16 is included in note 2.2 of the interim consolidated financial
statements as of March 31, 2019. This causes the comparison between periods to be difficult because the
results of 2018 do not incorporate above-mentioned effect. To facilitate the understanding of the Company’s
results, the figures in this report have been prepared excluding the effects associated with IFRS 16 for both
2018 and 2019, unless explicitly stated.
Review full Press Release HERE