September 30, 2016 5:23 AM ET

Electric Utilities

Company Overview of Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

Company Overview

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. provides electric power transmission services in Argentina. It also provides lines maintenance, supervision of transmission works, engineering and consulting, transportation system extension, and testing and commissioning services. The company is based in Buenos Aires, Argentina.

Avenida Paseo Colón 728

Piso 6

Buenos Aires,  C1063ACU

Argentina

Phone:

54 11 4342 7241

Key Executives for Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. does not have any Key Executives recorded.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. Key Developments

Macfarlane To Bid For Transener

Alejandro Macfarlane will next week present a serious bid to enter the shareholdings of Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. (BASE:TRAN). Macfarlane is hoping to buy a 25% stake in Citelec from Electroingenieria SA for roughly $26.5 million.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net revenue of ARS 323.2 million against ARS 504.1 million a year ago. Operating loss was ARS 227.5 million against income of ARS 143.9 million a year ago. Loss before taxes was ARS 249.9 million against income of ARS 158.6 million a year ago. Loss attributable to Owners of the parent was ARS 159.2 million against income of ARS 99.3 million a year ago. Consolidated net revenues 35.9% lower than the same period of 2015 revenue, mainly due to a decrease ARS 259.6 million in the Renewal Agreement revenue, partially offset by an increase of ARS 56.4 million in net non-regulated revenue. Negative consolidated adjusted EBITDA was ARS 192.3 million, compared to a positive EBITDA of ARS 220.7 million for the same period of 2015, mainly due to a higher operating loss of ARS 371.4 million and a lower profit of ARS 43.3 million in the Renewal Agreement interest. Consolidated net loss attributable to the owner of the parent as mainly due to a higher operating loss of ARS 371.4 million and a higher loss of ARS 37.1 million in financial results, partially offset by a higher profit of ARS 141.9 million in the income tax charge. Consolidated adjusted LBITDA was ARS 192.3 million against EBITDA of ARS 220.7 million a year ago. For the six months, the company reported net revenue of ARS 698.4 million against ARS 823.9 million a year ago. Operating loss was ARS 266.3 million against income of ARS 136.1 million a year ago. Loss before taxes was ARS 420.7 million against income of ARS 190.1 million a year ago. Loss attributable to Owners of the parent was ARS 271.4 million against income of ARS 117.5 million a year ago. Consolidated net revenues were 15.2% lower than the same period of 2015 revenue, mainly due to a decrease of ARS 224.7 million in the Renewal Agreement revenue, partially offset by an increase of ARS 47.3 million in revenues from works under the SE Resolution 1/2003 and of ARS 18.0 million in the Fourth Line revenue. Negative consolidated adjusted EBITDA of ARS 186.0 million, compared to a positive EBITDA of ARS 322.2 million for the same period of 2015, mainly due to a higher operating loss of ARS 402.4 million and a lower profit of ARS 61.4 million in the Renewal Agreement interest and of ARS 47.8 million in the Fourth Line interest. Consolidated net loss was mainly due to a higher operating loss of ARS 402.4 million and a higher loss of ARS 208.5 million in financial results, partially offset by a higher profit of ARS 212.5 million in the income tax charge. Consolidated adjusted LBITDA was ARS 186.0 million against EBITDA of ARS 322.2 million a year ago.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.(BASE:TRAN) dropped from Argentina Merval Index

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. has been removed from Argentina Merval Index.

Similar Private Companies By Industry

Company Name Region
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Recent Private Companies Transactions

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