Last $8.28 USD
Change Today +0.04 / 0.49%
Volume 47.9K
EDN On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

emp distrib y comerc nor-adr (EDN) Snapshot

Open
$8.22
Previous Close
$8.24
Day High
$8.40
Day Low
$7.95
52 Week High
11/26/13 - $9.60
52 Week Low
08/8/13 - $1.85
Market Cap
375.3M
Average Volume 10 Days
112.8K
EPS TTM
--
Shares Outstanding
22.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EMP DISTRIB Y COMERC NOR-ADR (EDN)

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emp distrib y comerc nor-adr (EDN) Details

Empresa Distribuidora y Comercializadora Norte S.A., a public service company, is engaged in the distribution and sale of electricity in Argentina. The company, through a concession, distributes electricity to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires. It serves residential, small and medium commercial, industrial, wheeling system, and public lighting customers. The company was formerly known as Empresa Distribuidora Norte Sociedad Anónima and changed its name to Empresa Distribuidora y Comercializadora Norte S.A. in June 1996. The company was founded in 1992 and is headquartered in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte S.A. is a subsidiary of Electricidad Argentina S.A.

Founded in 1992

emp distrib y comerc nor-adr (EDN) Top Compensated Officers

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Executives, Board Directors

emp distrib y comerc nor-adr (EDN) Key Developments

Empresa Distribuidora y Comercializadora Norte S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year and Standalone Earnings Results for the Full Year Ended December 31, 2013

Empresa Distribuidora y Comercializadora Norte S.A. reported consolidated earnings results for the fourth quarter and full year and standalone earnings results for the full year ended December 31, 2013. For the year on standalone basis, the company reported revenue from sales ARS 3,440,691,000 compared to ARS 2,977,146,000 reported a year ago. Operating profit was ARS 1,313,457,000 compared to operating loss of ARS 826,281,000 reported a year ago. Profit before taxes was ARS 822,693,000 compared to loss before taxes of ARS 1,139,608,000 reported a year ago. Profit from continuing operations was ARS 868,242,000 or ARS 1.00 per basic and diluted share compared to a loss of ARS 1,022,891,000 or ARS 1.14 per basic and diluted share reported a year ago. Profit was ARS 771,739,000 compared to a loss of ARS 1,016,470,000 reported a year ago. Net cash flows provided by operating activities were ARS 1,512,183,000 compared to ARS 304,904,000 reported a year ago. For the year on consolidated basis, the company reported revenue from sales ARS 3,440,691,000 compared to ARS 2,976,182,000 reported a year ago. Operating profit was ARS 1,314,457,000 compared to operating loss of ARS 826,443,000 reported a year ago. Profit before taxes was ARS 126,323,000 compared to loss before taxes of ARS 1,147,020,000 reported a year ago. Profit from continuing operations was ARS 867,867,000 or ARS 1.00 per basic and diluted share compared to a loss of ARS 1,030,303,000 or ARS 1.15 per basic and diluted share reported a year ago. Profit was ARS 772,759,000 compared to a loss of ARS 1,016,416,000 reported a year ago. Net cash flows provided by operating activities were ARS 1,584,209,000 compared to ARS 538,549,000 reported a year ago. Capital expenditures totalized to ARS 1,092.3 million including acquisitions of property, plant and equipment through increased debt with Fideicomiso de Administración de Obras de Transporte para el Abastecimiento Eléctrico (FOTAE), compared to ARS 544.3 million in 2012, including capitalized costs in property, plant and equipment. For the quarter, the group reported operating loss before Res. 250/13 and Note 6852/13 of ARS 508.5 million, LBITDA of ARS 453.3 million and adjusted LBITDA of ARS 287.8 million compared to operating loss before Res. 250/13 and Note 6852/13 of ARS 223.2 million, LBITDA of ARS 177.7 million and adjusted LBITDA of ARS 50.4 million reported a year ago. Net sales were ARS 872.2 million compared to ARS 809.7 million reported a year ago. Net loss was ARS 19.3 million compared to ARS 389.5 million reported a year ago. Net sales increased 7.7%, mainly due to the additional income from the Resolution No. 347/12 implemented as from December 2012, which represents approximately ARS 104.3 million and an increase in the volume of energy sold. The negative result in operating loss was due to the increases in transmission and distribution expenses of ARS 289.6 million, in selling expenses of ARS 54.6 million, administrative expenses of ARS 22.8 million, partially offset by a decrease in other net expenses of ARS 56.3 million. These increases were generated basically by the salaries increases granted in 2013 of ARS 160.6 million, an increase in fees and remuneration for services of ARS 91.6 million, also related to salary increases to unionized employees and an increase in ENRE penalties of ARS 76.8 million. Net loss decreased ARS 370.2 million, mainly due to the partial recognition of CMM increases pursuant to Note 6852/13 of ARS 723.6 million and positive interests of ARS 24.6 million and a gain accounted for Aeseba s Sale Trust repurchase of Edenor Notes due 2017 and 2022 of ARS 23.2 million, partially offset by the increase in costs described above, exchange differences of ARS 92.2 million, commercial interests accrued to CAMMESA of ARS 34.2 million and ARS 61.8 million in income tax loss. Capital expenditures amounted to ARS 397.5 million, compared to ARS 197.9 million in the fourth quarter of 2012. This increase was mainly due to the funds raised under the Trust created by Resolution 347/2012 which are used exclusively to finance infrastructure and corrective maintenance of the facilities. Capital expenditures in the fourth quarter of 2013 consisted mainly of the ARS 286.0 million in new connections due to the increase in customer base and grid enhancements; ARS 71.8 million in network maintenance and improvements; ARS 3.4 million in legal requirements; ARS 8.4 million in communications and telecontrol; and ARS 27.9 million of other investment projects.

Empresa Distribuidora y Comercializadora Norte S.A., Board Meeting, Mar 07, 2014

Empresa Distribuidora y Comercializadora Norte S.A., Board Meeting, Mar 07, 2014. Agenda: To resolve to call a General Shareholders' Meeting on April 29, 2014.

Empresa Distribuidora y Comercializadora Norte S.A. Announces Executive Changes

Empresa Distribuidora y Comercializadora Norte S.A. announced that the company's Board of Directors, at its meeting held, resolved that Mr. Pablo Martinez Burkett will take office as regular Director in lieu of Mrs. Marcela Sacavini, whose resignation was timely informed.

 

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Price/Earnings 3.3x
Price/Sales 0.8x
Price/Book 2.5x
Price/Cash Flow 1.9x
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