Engie Energia Chile S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 05:13 am IST
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Engie Energia Chile 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 499.68 million compared to USD 365.75 million a year ago. Net loss was USD 17.75 million compared to net income of USD 8.66 million a year ago. Basic loss per share from continuing operations was USD 0.017 compared to basic earnings per share from continuing operations of USD 0.008 a year ago.
For the nine months, sales was USD 1,398.93 million compared to USD 1,086.54 million a year ago. Net loss was USD 58.16 million compared to net income of USD 38.66 million a year ago. Basic loss per share from continuing operations was USD 0.055 compared to basic earnings per share from continuing operations of USD 0.037 a year ago.
Engie Energia Chile SA, formerly Empresa Electrica Del Norte Grande SA, is a Chile-based company, which is primarily engaged in the energy sector. The Companyâs activities comprise the production, transportation and distribution of electric energy and natural gas; the purchase, sale and transportation of liquid, solid and gaseous fuels; as well as the provision of engineering consulting services. The Company operates through such subsidiaries as Electroandina S.A., Gasoducto Nor Andino S.A., Gasoducto Nor Andino Argentina S.A., Central Termoelectrica Andina S.A., Energia del Pacifico Ltda., Edelnor Transmision S.A., Distrinor S.A. and Inversiones Hornitos S.A. The Company is owned by GDF Suez Energy Chile SA.