Colbún S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 06:55 pm EDT
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Colbún S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 513.96 million compared to USD 372.17 million a year ago. Net income was USD 38.83 million compared to USD 35.09 million a year ago. Basic earnings per share from continuing operations was USD 0.00221 compared to USD 0.002 a year ago. Diluted earnings per share from continuing operations was USD 0.00221 compared to USD 0.002 a year ago.
For the six months, sales was USD 930.79 million compared to USD 707.75 million a year ago. Net income was USD 86.47 million compared to net loss of USD 3.8 million a year ago. Basic earnings per share from continuing operations was USD 0.00493 compared to basic loss per share from continuing operations of USD 0.00022 a year ago. Diluted earnings per share from continuing operations was USD 0.00493 compared to diluted loss per share from continuing operations of USD 0.00022 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. 
