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Article: Chile: Aguas Nuevas posts US$27.7mn net profit for 2008.(Financial report)
- Article from:
- TendersInfo
- Article date:
- March 6, 2009
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Byline: shiv03
Chilean water holding Aguas Nuevas, controlled by Santander Infrastructure Fund II (SIF II), posted a 2008 net profit of 16.7bn pesos (US$27.7mn), a 5.3% decrease from 17.7bn pesos in 2007, the holding reported to the country's securities regulator SVS. The holding's former owner, Chilean investment group Solari, agreed to sell 100% of Aguas Nuevas to SIF II in November last year. The sale process was completed in January, an Aguas Nuevas official told BNamericas.
Operating profit was down from 25.4bn pesos to 24.8bn pesos in 2008, while revenues were up 3.9% to 65.0bn ...