Interconexi?n El?ctrica S.A. E.S.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021
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Interconexi?n El?ctrica S.A. E.S.P. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was COP 2,866,892 million compared to COP 2,676,671 million a year ago. Net income was COP 121,366 million compared to COP 566,126 million a year ago.
For the nine months, sales was COP 8,075,360 million compared to COP 7,514,311 million a year ago. Net income was COP 1,215,193 million compared to COP 1,559,435 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.