Aguas Antofagasta boosts earnings 4.7% in 2012

Tuesday, March 26, 2013

Chilean water utility Aguas Antofagasta, serving northern region II, saw net income increase 4.7% in 2012 to 23.1bn pesos (US$49mn), compared to 22.1bn in 2011.

The result was largely explained by a 15.6% increase in revenue from regular activities to 68.4bn pesos, the company said in its latest financial statements sent to securities and insurance regulator SVS.

The revenue growth was attributed by the utility to an increase in sales in its potable water services, which saw volume go up 5.5% from 2011, as well as a rise in sales from raw water, up 4.3% in volume from the previous year.

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The company also saw revenue go up 3.17bn pesos due to services associated with its construction project, according to the statements.

Aguas Antofagasta - controlled by the local Luksic group - is in the process of prequalifying all companies interested in building its US$120mn Desaladora Sur desalination plant. The winning company or consortium will be determined by end-1H13, BNamericas reported previously.

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