|
|
Article: Endesa's Consolidated Results for the First Nine Months 2002; Net Income was Euro 1.10 Billion, an Increase of 5.3% Against the Previous Year.
- Article from:
- Business Wire
- Article date:
- October 29, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2002
ENDESA (NYSE:ELE):
-- The Euro 1,066 million capital gain from the sale of 87.5% of VIESGO.
-- A Euro 134 million provision to fully cover the risks related to the economic situation in Argentina. This amount covers the full value of ENDESA's investments and loans, both direct and indirect, in this country.
-- A provision to cover the effect of the drop in the share's market price on the treasury stock, which amounted to Euro 99 million.
-- Provisions to cover risks for Euro 242 million.
-- ENDESA has provisioned all its direct and indirect investment
and its loans ...