Net profits of Colombian electricity company Celsia fall 78.1% in third quarter

The net profit of the Colombian power company Celsia fell 78.1% in the third quarter to $18.1 million dollars compared to the same period last year, due to a lower demand for energy during the pandemic and reductions in energy prices. This result contrasted with that of the second quarter, when profits rose 123.4%. Celsia’s operating income decreased by 16.8% between July and September to $ 215.1, compared to the same period in 2019.

Source: Reuters