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Article: Uruguay: ANCAP and ANP had profits in 2000.
- Article from:
- South American Business Information
- Article date:
- July 2, 2001
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Uruguay, Jun 27, 2001
In 2000, the State oil company ANCAP had profits of US$29.3mil, ANP (Administracion de Puertos) registered profits of US$1.9mil in the same period, and AFE (Ferrocarriles del Estado) had losses of US$2.6mil in the fourth quarter of last year according to a report of Banco Central. Non of the three companies forwarded profits to the central Government in 2000. The net operating income of ANCAP was US$791.4mil and closed the year with a capital of US$419.4mil, according to the balance which concluded at the end of 2000. This company managed assets of US$513.8mil formed by US$234.9mil current assets and US$296.7mil non-current assets. ANCAP's ...