IEnova has reported an adjusted EBITDA of $238m, up 14% from $209m in the same period of 2017, due to the November 2017 acquisition of an additional 25% of Los Ramones Norte pipeline, the Termoeléctrica de Mexicali power plant higher operational results, and higher margin in the gas segment.
In the nine months ended September 30, 2018, adjusted EBITDA was $669m, up 16% from $576m in the same period of 2017.
However, profit for the third quarter of 2018 was $112m, compared with $127m in the same period of 2017. The decrease of $15m was mainly due to higher financing costs and non-cash exchange rate effects, partiallyIEnova has reported an adjusted EBITDA of $238m, up 14% from $209m in the same period of 2017, due to the November 2017 acquisition of an additional 25% of Los Ramones Norte pipeline, the Termoeléctrica de Mexicali power plant higher operational results, and higher margin in the gas segment.
In the nine months ended September 30, 2018, adjusted EBITDA was $669m, up 16% from $576m in the same period of 2017.
However, profit for the third quarter of 2018 was $112m, compared with $127m in the same period of 2017. The decrease of $15m was mainly due to higher financing costs and non-cash exchange rate effects, partially offset by the EBITDA drivers mentioned above.
“With the recent announcements in both solar and refined product storage opportunities, IEnova continues to diversify its customer base and demonstrate its commitment to developing energy infrastructure that contributes to Mexico’s development, growth and competitiveness. Additionally, our safe and sustainable operations continue providing solid financial results,” said Tania Ortiz Mena, CEO of IEnova.
For more information visit: www.ienova.com.mx
26th October 2018 offset by the EBITDA drivers mentioned above.
“With the recent announcements in both solar and refined product storage opportunities, IEnova continues to diversify its customer base and demonstrate its commitment to developing energy infrastructure that contributes to Mexico’s development, growth and competitiveness. Additionally, our safe and sustainable operations continue providing solid financial results,” said Tania Ortiz Mena, CEO of IEnova.
For more information visit: www.ienova.com.mx
26th October 2018
