Positive impact in financial results since the diversification in power generation technology
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February 25, 2014 (www.investorideas.com newswire) We are positive on Celsia's 4Q13 results, mainly because of its diversified portfolio of generation technology (57%hydro and 43% thermal). An increase in thermal energy generation led to a 30% production growth for the quarter. Net income increased 307% in 4Q13, because of i) a provision recovery of COP 114,716 million; ii) a 30% increase in energy generation and; iii) a higher average stock market price for the period. In 2013, net income grew 62% to COP 374,000 million, while operating revenues jumped 18% to COP 2.3 billion. The consolidated EBITDA in the year was COP 864,000 million, with a 36% margin.
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