Enel Américas S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 06:17 pm IST
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Enel Américas S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 3,469 million compared to USD 4,487 million a year ago. Revenue was USD 3,871 million compared to USD 4,930 million a year ago. Net loss was USD 680 million compared to net income of USD 264 million a year ago. Basic loss per share from continuing operations was USD 0.00634 compared to basic earnings per share from continuing operations of USD 0.00246 a year ago.
For the nine months, sales was USD 10,176 million compared to USD 10,596 million a year ago. Revenue was USD 11,619 million compared to USD 11,680 million a year ago. Net loss was USD 103 million compared to net income of USD 622 million a year ago. Basic loss per share from continuing operations was USD 0.00096 compared to basic earnings per share from continuing operations of USD 0.00641 a year ago.
Enel Americas S.A., formerly Enersis Americas S.A., through its subsidiaries and jointly controlled entities, is engaged in the electricity generation, transmission and distribution businesses in Chile, Brazil, Colombia, Peru and Argentina. The Company operates through two segments: Generation and Transmission, and Distribution. The Company's Generation and Transmission segment operates through companies, including Central Comercializadora de Energia S.A. (Cemsa); Central Dock Sud S.A. (Dock Sud); Central Costanera S.A. (Costanera), and Hidroelectrica El Chocon S.A. (El Chocon). The Company's Distribution segment operates through companies, including Empresa Distribuidora Sur S.A. (Edesur); Ampla Energia e Servicos S.A. (Ampla), and Companhia Energetica do Ceara S.A. (Coelce). The Company is engaged in non-electricity business through its subsidiary, Servicios Informaticos e Inmobiliarios Ltda. (SIEI). It holds interest in Yacylec S.A., which is an electricity transmission company.