Colombia Isagen Net Profit Up 21 Pct Y/Y H1 2008

The net profit of Colombian state-run electricity group Isagen rose by 21 pct year-on-year to some 119.164 bln Colombian pesos ($66.2 mln/41.6 mln euro) in the first half of 2008, Isagen reported on July 21, 2008.

The operating profit grew by 12 pct to 186.253 bln pesos ($103.5 mln/65 mln euro), while the revenue stood at 557.35 bln pesos ($309.7 mln/194.6 mln euro). The earnings before interest, tax, depreciation and amortisation (EBITDA) margin stood at 43 pct.

Isagen owns and operates the hydroelectric plants San Carlos, Jaguas, Calderas and Miel I, and the 300 MW thermoelectric plant Termocentro located in the departments of Antioquia, Santander and Caldas, northwestern Colombia.

The company's installed capacity totals 2,132 MW, equal to 16 pct of the capacity of the national interconnection system.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: July 22, 2008