Parque Arauco S.A. announced earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net income of CLP 7.57 million or CLP 12.45 per share on revenue of CLP 18.50 million compared to net income of CLP 3.67 million or CLP 6.04 per share on revenue of CLP 17.89 million for the same period a year ago. Net profit before amortization of negative goodwill was CLP 7.52 million compared to CLP 3.66 million for the same period a year ago. Profit before minority interest was CLP 8.39 million compared to CLP 4.63 million for the same period a year ago. Profit before income tax & extraordinary items was CLP 10.49 million compared to CLP 4.71 million for the same period a year ago. EBITDA was CLP 13.24 million compared to CLP 11.48 million for the same period a year ago. Operating income was CLP 10.94 million compared to CLP 9.75 million for the same period a year ago. Funds from Operations was CLP 9.87 million compared to CLP 5.39 million for the same period a year ago. For the full year, the company reported net income of CLP 29.25 million or CLP 48.10 per share on revenue of CLP 63.57 million compared to net income of CLP 10.85 million or CLP 17.87 per share on revenue of CLP 54.85 million for the same period a year ago. Net profit before amortization of negative goodwill was CLP 29.07 million compared to CLP 10.83 million for the same period a year ago. Profit before minority interest was CLP 30.96 million compared to CLP 13.25 million for the same period a year ago. Profit before income tax & extraordinary items was CLP 33.71 million compared to CLP 15.53 million for the same period a year ago. EBITDA was CLP 45.29 million compared to CLP 37.32 million for the same period a year ago. Operating income was CLP 36.21 million compared to CLP 30.33 million for the same period a year ago. Funds from Operations was CLP 38.34 million compared to CLP 17.84 million for the same period a year ago.

Parque Arauco S.A. added to Chile IPSA Index

Parque Arauco S.A. announced that it has acquired a plot of land in Bogota, where it plans to build its third shopping centre in Colombia. The plot of land is situated at the Colina Campestre district, which will allow the company to target medium-high to high income earners. The company is planning to invest around USD 140 million (EUR 93.28 million) in the new facility, which is expected to be set into motion in 2012.