ISA 3Q 2017 Net Income Jumps 30.8% Year-on-Year
Medellin-based electric power transmission giant and multinational infrastructure operator ISA reported November 1 that its third quarter (3Q) 2017 net income rose 30.8% year-on-year, to COP$317 billion (US$103 million).
The improvement mainly came as a result of greater revenues, a decline in finance costs and favorable Brazilian tax-and-compensation provisions for operations there.
Consolidated operating revenues for 3Q 2017 rose to COP$1.9 trillion (US$620 million), while consolidated net income rose to COP$565.8 billion (US$184 million), according to the company.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for the latest quarter hit COP$1.18 trillion (US$385 million) with an EBITDA margin of 64%.
Capital investments during 3Q 2017 totalled COP$643 billion (US$210 million).
In Colombia, ISA invested COP$197 billion (US$64 million) in projects under construction, including the Ituango and Caracolí power substations and the Chinú-Montería-Urabá and Cerromatoso-Chinú-Copey transmission lines.
In Peru, ISA invested COP$154 billion (US$50 million) in various power-distribution construction projects.
In Chile, ISA invested COP$236 billion (US$77 million) in transmission and transformer projects, as well as COP$7.7 billion (US$2.5 million) in security and lighting projects for several of its highway concessions.
