Last $13.38 USD
Change Today +0.20 / 1.52%
Volume 45.7K
EDN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

emp distrib y comerc nor-adr (EDN) Snapshot

Open
$13.45
Previous Close
$13.18
Day High
$13.48
Day Low
$13.09
52 Week High
07/14/14 - $17.50
52 Week Low
01/27/14 - $4.58
Market Cap
606.4M
Average Volume 10 Days
53.2K
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)

emp distrib y comerc nor-adr (EDN) Related Businessweek News

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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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

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

Empresa Distribuidora y Comercializadora Norte S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Empresa Distribuidora y Comercializadora Norte S.A. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue from sales increased 9.1% to ARS 995 million from ARS 911.7 million in the third quarter of 2013, mainly due to the removal of subsidies during the winter period on tariff for certain categories. Net operating loss before CMM recognition decreased ARS 172 million amounting to a loss of ARS 587.5 million compared to a loss of ARS 415.5 million in the third quarter of 2013. This negative result was due to the increase in transmission and distribution expenses of ARS 220.2 million, in administrative expenses of ARS 67.9 million and selling expenses of ARS 43.5 million, which were partially offset by an increase in sales and lesser electricity power purchases. Net loss attributable to the shareholders of the company decreased ARS 208 million amounting to a loss of ARS 720.9 million compared to a loss of ARS 512.9 million in the same period of 2013, mainly due to a decrease in deferred income tax of ARS 149.5 million, which was partially offset by a decrease in commercial interests of ARS 94, and lower losses from exchange differences of ARS 29 million. Adjusted EBITDA has decreased to a loss of ARS 388.7 million compared to a loss of 290.3 million for the same period of 2013. Capital expenditures totaled ARS 395.1 million, compared to ARS 225.4 million in the third quarter of 2013. This increase was mainly due to the increase in costs and key facilities for ensuring the proper provision of the service. For the nine months, the company reported revenue from sales of ARS 2,748.2 million compared to ARS 2,568.5 million a year ago. Operating loss was ARS 891.7 million compared to operating profit of ARS 1,102.7 million a year ago. Loss before taxes was ARS 1,513 million compared to ARS 826.8 million a year ago. Loss for the period attributable to owners of the company was 1,443.7 million or ARS 1.6 per basic and diluted share compared to profit for the period attributable to owners of the company of ARS 791 million or ARS 1.0 per basic and diluted share a year ago. Net cash flows provided by operating activities were ARS 1,095.1 million compared to ARS 1,069.9 million a year ago. Acquisitions of property, plant and equipment were ARS 1,031.8 million compared to ARS 671 million a year ago.

Empresa Distribuidora y Comercializadora Norte S.A., Q3 2014 Earnings Call, Nov 12, 2014

Empresa Distribuidora y Comercializadora Norte S.A., Q3 2014 Earnings Call, Nov 12, 2014

Empresa Distribuidora y Comercializadora Norte S.A., Board Meeting, Oct 21, 2014

Empresa Distribuidora y Comercializadora Norte S.A., Board Meeting, Oct 21, 2014. Agenda: To convene a general extraordinary shareholders' meeting to be held on November 18, 2014 at 10:00 AM on first call, at the company's corporate office at Avenida del Libertador 6363, Ground Floor, City of Buenos Aires.

 

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Price/Sales 1.9x
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TEV/Sales 0.3x
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