Interconexión Eléctrica S.A. E.S.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 30, 2022
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Interconexión Eléctrica S.A. E.S.P. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was COP 3,558,241 million compared to COP 2,866,892 million a year ago. Net income was COP 668,025 million compared to COP 121,366 million a year ago.
For the nine months, sales was COP 9,580,556 million compared to COP 8,075,360 million a year ago. Net income was COP 1,769,822 million compared to COP 1,215,193 million a year ago.
Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.