Forestry giant Copec's profit falls more than 50% in Q3

Nov 6 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday reported a 51% drop in third-quarter profit, hit by weaker results in its forestry division due to lower pulp prices and the sale of assets in Brazil.

Net profit landed at $198 million, down from the $404 million posted in the same quarter last year.

Revenue for Copec, which owns a large forestry business as well as fuel distribution, mining and fishing operations, hit $7.35 billion, largely steady from the year-ago quarter and above the $7.04 billion forecast of analysts polled by LSEG.