Enel Chile turns to net loss in H1 2020

Enel Chile SA swung to a loss of CH$327.94 billion ($432.2 million) in attributable net profits for the first six months of 2020 compared to earning CH$49.05 billion ($64.7 million) in 2019, according to the latest financial report. Earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped by 26.6% to CH$397.64 billion ($524.99 million). Total revenues arrived at CH$1.287 trillion ($1699.3 billion), down by 9.7% year-on-year, due to lower gas sales but also lower by comparison as a result of the extraordinary income booked in March 2019.

Source: Renewables Now

Categories: Business