Chile's Copec 1st quarter net profit up 51 pct on forestry, fuel

viernes 23 de mayo de 2014 18:09 GYT

SANTIAGO May 23 (Reuters) - Chilean industrial conglomerate Empresas Copec posted a $361.4 million net profit on Friday, a 51.4 percent jump versus a year ago, on improved results in its forestry and fuel units and the sale of its stake in the Guacolda thermoelectric plant.

Copec owns one of the world's biggest wood pulp producers, the world's No. 3 fishing company and the main fuel distributors in Chile and Colombia. (Reporting by Anthony Esposito; Editing by Chris Reese)