Pampa: 2Q Earnings Snapshot
BUENOS AIRES, Argentina (AP) _ Pampa Energia SA (PAM) on Monday reported second-quarter net income of $394 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Buenos Aires, Argentina-based company said it had profit of $5.40. Earnings, adjusted for non-recurring gains, came to $2.07 per share.
The electricity company posted revenue of $808 million in the period.
Pampa shares have dropped 49% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.35, a drop of 56% in the last 12 months.