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Home » Finance » Enel Colombia Reports Slight Dip in Net Profit for Q1-Q3 2023, Cites Rising Costs and Legal Challenges
Finance

Enel Colombia Reports Slight Dip in Net Profit for Q1-Q3 2023, Cites Rising Costs and Legal Challenges

By Piers HarrettNovember 1, 20232 Mins Read
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Credit: Nigel Medina/Pexels
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Colombian utility company Enel Colombia has revealed a consolidated net profit of COP 2.29 trillion (USD 557.1m/EUR 525.2m) for the period spanning January through September 2023, representing a marginal 1.1% decline compared to the previous year. The dip in profits was attributed to several contributing factors, including increased fixed costs driven by minimum wage hikes,

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