Duke profit up after Chile revamp

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Thursday, August 7, 2014

Duke Energy reported on Thursday an 80% year-on-year rise in second quarter profit to US$609mn, boosted by a business overhaul in Chile.

Net revenue for the period climbed 1% to US$5.95bn while adjusted earnings from its international subsidiaries rose to US$146mn from US$87mn.

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Duke said its Q2 performance had benefited from an operations revamp in Chile which led to a lower tax burden in the South American country.

The US power company operates in 13 Latin American countries, including Argentina, Bolivia, Brazil, Ecuador, Mexico and Peru.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.