profit

Government funding helped Eskom post a 22% increase in net profit for the six months ended 30 September 2015. Eskom CEO Brian Molefe said the entity's profit increase R11.3bn, while achieving a 9% increase in Ebitda (Earnings before interest, taxes, depreciation and amortization) to R24.9bn Revenue increased by 8%, while primary energy costs went up by 7.7%, he explained. Molefe said Eskom received the first tranche of R10bn of government equity injection, while R13bn is expected in … [Read more...] about Is a profit really one when you receive taxpayer money?

Eskom on Tuesday reported a profit of R9.3 billion for the six months ended on 30 September 2014. This is down 24% from R12.2 billion for the same period the previous year. "While Eskom reported a profit of R9.3 billion in the first half of its financial year, these profits are expected to decline to R0.5 billion for the full financial year. "This is because traditionally, revenue in winter is much higher than during summer due to time-of-use tariffs to key industrial customers and … [Read more...] about R9.3 Billion profit for ………… Eskom

Eskom reported strong financial results with a net profit of R12.8 billion in the six months ended in September compared to last year's R9.5 billion. "The results for the six months to end September 2011 reflect increased net profit of R12.8 billion (which was R9.5 billion 2010), on revenue which increased to R63.9 billion (from R51.1 billion previously)," the power utility announced on Wednesday. The growth in revenue was mainly due to higher electricity tariffs reflecting a 25.8% … [Read more...] about Eskom Records R12.8 Billion in Profit