Colbún S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:56 pm EDT
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Colbún S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 416.83 million compared to USD 335.59 million a year ago. Net income was USD 47.64 million compared to net loss of USD 38.89 million a year ago. Basic earnings per share from continuing operations was USD 0.00272 compared to basic loss per share from continuing operations of USD 0.00222 a year ago. Diluted earnings per share from continuing operations was USD 0.00272 compared to diluted loss per share from continuing operations of USD 0.00222 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. 
