Enel Generación Peru S.A.A. announced earnings and operating results for the first half of 2017. For the period, the company reported revenue of PEN 872 million against PEN 918 million a year ago. EBITDA was PEN 336 million against PEN 419 million a year ago. Net income was PEN 184 million against PEN 236 million a year ago. Gross debt was PEN 100 million against PEN 452 million a year ago. Capex was PEN 34 million against PEN 66 million a year ago. Revenues decreased by 5% due to the reduced average price of new contracts with industrial clients on the free market, as a result of lower energy prices, driven by oversupply, and despite the higher sales volume. EBITDA decreased by 19.8% as a result of: (i) lower revenues and (ii) higher energy purchase due to lower generation by Enel assets in Peru. It should be noted that the impacts of the emergency situation that was experienced in March have been offset by the income from insurance claims. Net income decreased by 22% mainly due to the EBITDA reduction, despite the higher income from dividends paid by subsidiary Chinango and affiliate Enel Brasil- and the reduction in taxes resulting from the lower taxable income generated by the company. Gross debt decreased by 77.9% due to the scheduled payment of the company's financial obligations. CAPEX decreased by 49.6% compared to first half of 2016, due to the fact that in 2016 a one-time maintenance expense was carried out at the Ventanilla Thermal Power Plant.

For the first half, the company reported net energy generation was 2,545 GWh against 3,387 GWh a year ago. Energy sales were 4,040 GWh against 3,936 GWh a year ago. Total production decreased by 24.9%. Physical sales increased 2.6% compared to the same period in 2016, due to the signing of new contracts with industrial clients on the free market and distributors.