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Enel Americas Q3 profit climbs 51.9% YOY

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According to Market Intelligence, December 2022

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Enel Americas Q3 profit climbs 51.9% YOY

Enel Américas SA said its normalized net income for the third quarter amounted to $162.7 million, an increase of 51.9% from $107.1 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 5.9% from 5.6% in the year-earlier period.

Total revenue climbed 45.2% year over year to $2.76 billion from $1.90 billion, and total operating expenses grew 47.4% on an annual basis to $2.18 billion from $1.48 billion.

Reported net income increased 37.0% year over year to $181.0 million, or 0 cents per share, from $132.1 million, or 0 cents per share.