ISA: Profit Jumps 83.5% In The Second Quarter Boosted By New Revenues

(RTTNews) - Colombia's Interconexión Eléctrica (ISA) recorded a 363.136 billion Colombian pesos (US$ 120.5 million) net profit in the second quarter of 2017, an 83.5% increase compared to the same period of the year previous.

ISA's net profit was primarily due to the updating of an indemnification in Brazil, lower operating and maintenance expenses in Chile, lower net financial expenses in Colombia and the remuneration of new energy transmission projects in Chile and Peru.

EBITDA (earnings before interest, taxes, depreciation, and amortization) was 68.2% higher in the second quarter, at 1.340 trillion Colombia pesos (US$ 440 million). ISA's EBITDA margin rose to 67.7%, compared to 49.1% in the second quarter of 2016.

Operating revenues reached 1.980 trillion Colombian pesos (US$ 657 million) in the quarter, a 22.1% increase compared to the same period in 2016.