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-Revenues increased by 36.1% compared to the same period of the previous year, reaching US$ 7,651 million, explained by higher revenues in the four countries, mainly in Brazil due to the incorporation of Celg Distribuidora S.A. to our consolidation perimeter and in Argentina due to higher tariff in distribution business.
-EBITDA increased by 18.1%, explained by better results obtained in Brazil, Colombia and Peru, partially offset by lower results in Argentina.
-Operating Income (EBIT) reached US$ 1,537 million, 11.7% more compared to the same period in 2016, mainly explained by higher results partially offset by higher depreciation and amortization in Brazil and, to a lesser extent, in Colombia and Argentina.
- Net Income after taxes, before discontinued operations registered in 2016, reached US$ 657 million, 12.2% less than in the same period of the previous year, explained mainly by a US$ 118 million increase in tax expenses as a result of the effects of the exchange rate in foreign investments denominated in US dollars due to tax purposes levied in 2016 and a lower financial result of US$ 136 million mainly explained by the incorporation of CELG Distribuidora S.A. into the consolidation perimeter.
- Net financial debt reached US$ 3,051 million, 101% higher than at the end of 2016 mainly explained by the investments made in connection with the purchase of Celg Distribuidora S.A. and the consolidation of its debt.
- CAPEX for the first nine months of 2017 was US$ 969 million, 8.6 % higher than the previous year, mostly due to the consolidation of Celg Distribuidora S.A. and the effects of the exchange rate mainly in Brazil and Colombia.
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