Lima, 25 August 2016 – Net results in first semester 2016 amounted to 261 million soles, an increase of 23 million soles in comparison with the first semester 2015.
“The financial results of the first semester 2016 show the company’s good performance, mainly due to the increase of customers despite the challenging scenario of strong competition and margin reduction. This year, the company is focusing on keeping organic growth and efficiency”, said Carlos Temboury, Chairman of Enel Generación Perú’s Board of Directors.
Back in the Black
- EBITDA: 492 million soles (450 million soles in the first semester 2015, +9.3 %) – Increase based on a better contribution margin
- Net results: 291 million soles (238 million soles in the first semester 2015, +9.6 %) – Improvement based on EBITDA’s good performance
- Net debt: 496 million soles (657 million in the first semester 2015, -24.5 %) – Reduction based on paid financial obligations
Approved Results
This growth is mainly attributed to the increase in energy sales as a consequence of new contracts signed with free customers and distribution companies, even if competition in the sector has reduced contract margins.
The solid financial and operational position of Enel Generación Perú allowed the net debt, which amounted to 496 million soles in the first semester 2016, to be reduced by 161 million soles.
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