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ISA: Positive results due to higher revenues in energy business and a cost reduction in Brazil

August 5, 2014 (www.investorideas.com newswire) We consider 2Q14 financial results as positive. Revenues grew 1.8% YoY, mainly due to the energy businesses in Colombia, Peru and Brazil, which contributed with 68% of total revenues and a managing costs strategy in its subsidiaries in Brazil. The company is in the process of delivering the valuation studies from the existing assets due to the termination of the Concession 059 in CTEEP and expects the government to decide how to make the payment. Our Target Price is COP 9,900/share, consistent with a HOLD recommendation.

To View Complete Report: ISA

Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.

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