Chile Endesa 2011 Net Profit Falls 16.2% On Year To CLP446.87 Billion
01 February 2012 - 6:39AM
Dow Jones News
Chile's largest power producer, Empresa Nacional de Electricidad
SA (EOC, ENDESA.SN), posted a 2011 net profit of 446.87 billion
Chilean pesos ($909.94 million), a 16.2% decrease from CLP533.57
billion the previous year.
The company's per-share earnings fell 16.3% to CLP54.50 from
CLP65.10 in 2010, Endesa said in a statement.
Its earnings before income tax, depreciation and amortization,
or Ebitda, fell 9% on the year to CLP973.89 billion from CLP1.07
trillion in 2010.
The generator has 13,846 megawatts of installed capacity in
Argentina, Chile, Colombia and Peru, and owns an equity stake in
987 MW of installed capacity in Brazil. Some 38% of Endesa's
capacity is in Chile.
Endesa is controlled by power-holding company Enersis SA (ENI,
ENERSIS.SN), which in turn is controlled by Spain's Endesa SA
(ELEZF, ELE.MC).
-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919;
carolina.pica@dowjones.com
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