Chile’s Colbun sees net profit down 16% in Jan-Sept 2020

Chilean power utility Colbun SA recorded a net profit of $152.3 million for the nine months through September 2020, down 16% year-on-year, on higher non-operating losses associated to bond refinancing issuance costs. In the third quarter alone, net profits grew by 14% to $62.2 million as non-operating losses decreased, Colbun said it the latest earnings release.

Source: Renewables Now