Enel Chile S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 02:43 pm EDT
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Enel Chile 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 CLP 1,273,149 million compared to CLP 762,779 million a year ago. Revenue was CLP 1,297,054 million compared to CLP 777,465 million a year ago. Net income was CLP 100,246 million compared to net loss of CLP 15,037 million a year ago. Basic earnings per share from continuing operations was CLP 1.45 compared to basic loss per share from continuing operations of CLP 0.22 a year ago.
For the nine months, sales was CLP 3,108,560 million compared to CLP 2,034,350 million a year ago. Revenue was CLP 3,212,347 million compared to CLP 2,060,379 million a year ago. Net income was CLP 149,442 million compared to CLP 48,403 million a year ago. Basic earnings per share from continuing operations was CLP 2.16 compared to CLP 0.7 a year ago.
Enel Chile SA, formerly Enersis Chile SA, is a Chile-based electricity utility company. The Company, through its combined entities and affiliates, is engaged in the generation, transmission and distribution of electricity businesses. The Company's segments include Generation, Distribution, and Other businesses and intercompany transaction adjustments. Additionally in its segments, the Company has Enel X Chile, a project engaged in seeking to open energy to new uses, technologies, associations and services. The businesses that are grouped into 4 areas are considered: e-City, e-Home, e-Industries and e-Mobility. It owns and operates electricity generation and distribution units in Chile through its subsidiaries.