Above all, a 5% drop in sales costs and a 7% savings in administration and marketing costs helped.
In this way, the company closed the first half of this year with a 39% improvement in adjusted Ebitda, which rose to $35,037 million compared to $25,244 million in the same half of 2021.
Consolidated Net Income was $8.0 billion and Net Shareholder Income was $7.9 billion or $5.27 per share or $52.67 per ADR in the first half of this year, compared to 2021 figures for the same period had registered a Consolidated Net Loss of Ch$6,100 million and a Net Loss for shareholders of Ch$6,100 million, respectively, equivalent to -Ch$4.07 per share or -Ch$40.69 per ADR.
According to the report that the company submitted yesterday to the National Securities Commission, revenues were $39.3 billion in the first half of 2022, similar to $38.6 billion in the same period of 2021. It was the result of factors such as a 16% increase in Sales under contract, which amounted to $21.7 billion during the first half of this year, compared to $18.7 billion in the same period of 2021, mainly due to the start-up of Terminal 6 and better wind resources in the wind farms of the company.
It also recorded an 85% increase in Steam Sales, as steam production increased 90% in the period.
On the other hand, this was partially offset by an 18% decrease in Spot/Base Energy sales that totaled $14.6 billion in the first half of 2022, mainly due to higher inflation than the rate adjustment and lower generation from the hydroelectric plant. Piedra del Águila, scheduled maintenance of certain steam turbines at the Puerto site and the start of the Terminal 6 plant and the start of the contract.
Regarding power generation, in the first half of 2022 there was an increase of 23% to 8,865 GWh, compared to 7,218 GWh in the same period of 2021. For reference, domestic power generation increased 1.4% during the first half of 2022, compared to the same half of 2021, according to data from CAMMESA.
The increase in the energy generated by Central Puerto was due to, according to the company, a 37% increase in the electrical generation of the thermal units, mainly due to the new generation of Terminal 6 and the recovery of the average production of the Siemens brand combined cycle of the Luján de Cuyo plant. And also the 5% increase in energy generation from renewable units, which was mainly due to a better wind resource.
Source: Ambito
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