South Africa Utility Eskom Forecasts First Profit Since 2017
- After-tax loss more than doubles in fiscal year to end-March
- Municipalities owed the utility 95.4 billion rand by November
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South African power utility Eskom Holdings SOC Ltd. forecast a return to profit for the first time since 2017 even as its loss for the most recent financial year more than doubled.
The company projected an after-tax profit of more than 10 billion rand ($548 million) for the 12 months through March 31, 2025, after posting a 55 billion-rand loss in the previous fiscal year.