Endesa (PK) (USOTC:ELEZF)
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From Jun 2019 to Jun 2024

Enersis SA's (ENI, ENERSIS.SN) first-quarter profit grew 4.3% to 95.85 billion Chilean pesos ($207.4 million) on increased electricity demand in the region, the Chilean energy holding company reported Wednesday.

Enersis, which owns power generation, distribution and transmission businesses in Argentina, Brazil, Chile, Colombia and Peru, said it harnessed increased demand, especially in Chile and Peru.

The company's sales grew 6.4% on the year to CLP1.58 trillion from CLP1.48 trillion.

Distribution accounts for 57% of Enersis' sales, while transmission and generation make up the rest.

However, earnings before interest, taxes, depreciation and amortization fell 15.5% to CLP434.36 billion, from CLP514.06 billion.

Enersis didn't provide a reason for the drop in that measure.

Spain's Endesa SA (ELEZF, ELE.MC) owns Enersis, which in turn owns Chile's largest power generator, Empresa Nacional de Electricidad SA (EOC, ENDESA.SN).

Shares of Enersis ended 0.7% lower Wednesday at CLP195.02, while the blue-chip Ipsa index slipped 0.3%. Over the last 52 weeks, its shares have traded at a low of CLP181.87 and a high of CLP241.70, while losing 6.6% over the same period.

-By Anthony Esposito, Dow Jones Newswires; 56-2-715-8929; anthony.esposito@dowjones.com