September 12, 2016 / 12:47 PM / 2 years ago

BRIEF-Empresas CMPC postpones provisional div. payment

Sept 12 (Reuters) - Empresas CMPC SA :

* Said on Friday that its management board has agreed not to pay a provisional dividend planned for Sept., as previously announced at its shareholder meeting in April

* Says H1 profits come mainly from fluctuations in the exchange rates of the currencies in which CMPC has a part of its assets and the impact that has on the provision of pre-paid taxes

* Says due to the volatile nature of it, the company is not able to predict its H2 performance

* On that basis, its management decided to postpone the provisional division payment and evaluate it again in Dec. 2016 or Jan. 2017 when its second provisional dividend payment is also due

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