CGE's Profits Fall 6.3%
Bnamericas Published: Friday, October 31, 1997
Although sales and operating income for Chilean electricity company CGE remained stable during the first nine months of 1997, profits fell 6.3% to US$70.6mn because of losses in non-operating income. Non-operating income was US$39.6mn as compared with 1996's US$46mn.
CGE's gas distribution branch, Gasco, also registered a fall in profits compared with 1996. Profits reached US$28.09mn, 25.7% less than last year.
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