Grupo Energía Bogotá S.A. E.S.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 13, 2022
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Grupo Energía Bogotá S.A. E.S.P. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was COP 1,634,181 million compared to COP 1,330,080 million a year ago. Revenue was COP 1,634,180 million compared to COP 1,330,080 million a year ago. Net income was COP 660,598 million compared to COP 655,124 million a year ago.
For the six months, sales was COP 3,185,989 million compared to COP 2,563,820 million a year ago. Revenue was COP 3,185,988 million compared to COP 2,563,820 million a year ago. Net income was COP 1,331,660 million compared to COP 1,157,260 million a year ago.
Grupo Energia Bogota SA ESP (GEB), formerly Empresa de Energia de Bogota SA ESP, is a Colombia-based company engaged in the natural gas utilities industry. The Company's activities are divided into four segments: Natural Gas Distribution, responsible for the distribution of natural gas through mains to individual and commercial customers; Natural Gas Transmission, offering transportation of natural gas to cities; Electricity Distribution, distributing electric power to individual and commercial customers, and Electricity Transmission, operating power transmission systems. In addition, the Company offers engineering and leasing services, as well as additional services related to electricity and natural gas. It operates in Colombia, Peru and Guatemala, among others. It owns a number of subsidiaries, such as Transportadora de Energia de Centroamerica SA (TRECSA) and Contugas SAC, among others. The Company is controlled by Capital District of Bogota, a local government.