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Home » Finance » Celsia’s Q1 Profits Plunge by 75.7% Due to El Nino Droughts, Solar Platform Shows Promise
Finance

Celsia’s Q1 Profits Plunge by 75.7% Due to El Nino Droughts, Solar Platform Shows Promise

By Benjamin DavisMay 8, 20242 Mins Read
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Credit: Celsia
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Colombian power company Celsia reported a significant dip in its first-quarter consolidated net profit, plummeting by 75.7% year-on-year to COP 29.69 billion (USD 7.6m/EUR 7.1m) attributed to the impacts of El Nino droughts. Despite challenging conditions, Celsia revealed revenues of COP 1.38 trillion for the quarter, marking an 8.7% decline compared to the same period

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