Colbún S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 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, 2023. For the second quarter, the company reported sales was USD 546.01 million compared to USD 513.96 million a year ago. Net income was USD 133.92 million compared to USD 38.83 million a year ago. Basic earnings per share from continuing operations was USD 0.00764 compared to USD 0.00221 a year ago. Diluted earnings per share from continuing operations was USD 0.00764 compared to USD 0.00221 a year ago.
For the six months, sales was USD 1,100.6 million compared to USD 930.79 million a year ago. Net income was USD 221.84 million compared to USD 86.47 million a year ago. Basic earnings per share from continuing operations was USD 0.01265 compared to USD 0.00493 a year ago. Diluted earnings per share from continuing operations was USD 0.01265 compared to USD 0.00493 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. 
