Colbún S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 07:11 pm EDT
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Colbún 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 488.18 million compared to USD 357.08 million a year ago. Net income was USD 80.57 million compared to USD 604.15 million a year ago. Basic earnings per share from continuing operations was USD 0.00459 compared to USD 0.03445 a year ago. Diluted earnings per share from continuing operations was USD 0.00459 compared to USD 0.03445 a year ago.
For the nine months, sales was USD 1,418.97 million compared to USD 1,064.83 million a year ago. Net income was USD 167.04 million compared to USD 600.35 million a year ago. Basic earnings per share from continuing operations was USD 0.00953 compared to USD 0.03424 a year ago. Diluted earnings per share from continuing operations was USD 0.00953 compared to USD 0.03424 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. 
