Empresa Distribuidora Y Comercializadora Norte Sociedad Anónima Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
March 11, 2021 at 06:03 am EST
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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima announced earnings results for the fourth quarter and full year ended December 31, 2020. For the fourth quarter, the company announced revenue from sales was ARS 18,265 million compared to ARS 24,600 million a year ago. Net operating loss was ARS 20,490 million compared to ARS 926 million. Net loss was ARS 15,660 million compared to ARS 2,386 million a year ago.
For the full year, revenue from sales was ARS 91,316 million compared to ARS 122,437 million a year ago. Net Operating loss of ARS 19,917 million compared to profit of ARS 6,465 million a year ago. Net loss was ARS 17,698 million compared income of to ARS 16,518 million a year ago. Basic and diluted loss per share of ARS 20.23 per share compared to profit of ARS 18.88 per share a year ago.
Empresa Distribuidora y Comercializadora Norte S.A. is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires. The Company's concession area of approximately 4,637 square kilometers is divided into three operating territories: Region I, which consists of over 251 square kilometers; Region II, which consists of approximately 1,761 square kilometers, and Region III, which consists of over 2,625 square kilometers. Region I includes Ciudad de Buenos Aires, San Isidro, Vicente Lopez, San Martin and Tres de Febrero districts. Region II includes La Matanza, Moron, Hurlingham, Ituzaingo, Merlo, Marcos Paz and Gral. Las Heras districts. Region III includes Pilar, Escobar, Tigre, San Fernando, San Miguel, Malvinas Argentinas, Jose C. Paz, Moreno and Gral. Rodriguez districts.
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE SOCIEDAD ANÓNIMA 
