Colbún S.A. Reports Consolidated Earnings Results for the Full Year of 2019
January 31, 2020 at 10:00 am EST
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Colbún S.A. reported consolidated earnings results for the full year of 2019. For the year, consolidated profit reached $202 million, 12% lower than the $230 million in profits in the previous year, mainly explained by higher provisions for impairment of individual assets, partially compensated by the lower EBITDA recording during the period.
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. 
