Colbún Announces Earnings Results for the Third Quarter of 2018
October 31, 2018 at 03:00 pm EDT
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Colbún announced earnings results for the third quarter of 2018. Consolidated EBITDA for the quarter reached $156 million, 10% lower than the EBITDA of $174 million in the third quarter of 2017. The company reported in third quarter 2018 a net income of $54 million, lower than the net income of $70 million in third quarter 2017.
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. 
