Colbún S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
January 30, 2024 at 07:12 pm EST
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Colbún S.A. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 395.8 million compared to USD 548.1 million a year ago. Revenue was USD 409.2 million compared to USD 555.1 million a year ago.
Net income was USD 53.9 million compared to USD 128.9 million a year ago.
Colbun SA is a Chile-based company engaged in the generation and distribution of electricity. The Company operates, through its affiliated companies, in the generation, transportation, transformation, distribution, supply or commercialization of electric power and management or operation of power plants. Its clients range from electric suppliers to manufacturing and mining companies. The Companyâs energy sources include Hydroelectricity and Thermoelectricity. The Company operates hydroelectric power plants and thermal power plants, which can run on petroleum and natural gas and coal. Its power plants and projects contribute energy to the Central Interconnected Grid (CIG). Its power stations are distributed throughout 4 basins and 4 regions of the southern central region of Chile. The Companyâs affiliated companies include, among others, Termoelectrica Antilhue SA and Empresa Electrica Industrial SA. It owns also power generation assets in Peru.
COLBÚN S.A. 
