Enel Chile (ENIC) has released an update.
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Enel Chile S.A. reported a solid start to 2024 with a 5.8% increase in net income, reaching Ch$ 148,567 million, driven by more efficient operations and higher energy sales, despite a decrease in operating revenues due to lower gas sales. The company also saw its EBITDA remain stable and improved its financial position, with a decrease in gross financial debt and a lower average cost of debt. Notably, Enel Chile launched two renewable energy projects, enhancing its generation capacity with the commencement of solar and wind power plants.
For further insights into ENIC stock, check out TipRanks’ Stock Analysis page.
