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Article: United States : AES Latin America generation, utilities revenues fall 24%, 13%.(Financial report)
- Article from:
- TendersInfo
- Article date:
- August 8, 2009
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Byline: pinto03
US power company AES's (NYSE: AES) revenue in the second quarter from its generation and utilities operations in Latin America and the Caribbean fell 24% and 13%, respectively, to US$895mn and US$1.37bn compared to 2Q08.
AES attributed the drop in generation revenue to lower prices and unfavorable foreign currency rates. Unfavorable exchange rates also impacted utilities revenue, according to a company presentation.
In the quarter, AES posted ...