Chile Endesa 1Q Net Profit Tumbles 32% On Year To CLP66.23 Billion
26 April 2012 - 5:24AM
Dow Jones News
Chile's largest power producer, Empresa Nacional de Electricidad
SA (EOC, ENDESA.SN), posted a first-quarter net profit of 66.23
billion Chilean pesos ($136.14 million), a 32% decline from the
first quarter of 2011.
Endesa on Wednesday reported a lower net profit as average
energy prices fell and financial costs increased.
The company's first quarter per-share earnings fell 32% on-year
to CLP8.1, Endesa said in a statement.
Its earnings before income tax, depreciation and amortization,
or Ebitda, fell 7.2% on year to CLP186.80 billion from CLP201.37
billion.
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 Graciela Ibanez, Dow Jones Newswires; 56-2-715-8929;
graciela.ibanez@dowjones.com
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