Audax reduces profit on investments by 37%, but doubles income

The energy group Audax Renovables obtained a profit of 943 million in the first quarter, 37% less than a year ago, due to the effect of the investments made, although it doubled its income to 736 million due to the increase in market prices.

Audax reduces profit on investments by 37%, but doubles income

The energy group Audax Renovables obtained a profit of 943 million in the first quarter, 37% less than a year ago, due to the effect of the investments made, although it doubled its income to 736 million due to the increase in market prices.

The company increased the gross margin by 20% this quarter and the EBITDA (gross profit) by 22% as a result of the 150% growth in installed power, according to the information it sent this Friday to the National Commission of the Mer


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