(Reuters) - AES posted a loss of $455 million, or 67 cents per share,
compared with a year-earlier profit of $348 million, or 52
cents per share, which were restated because of problems with
the company's reporting controls.
AES earlier this year agreed to sell its 82 percent stake
in a 2,600 megawatt generation plant in Caracas for $740
million its 82 percent stake in a Caracas-based business that
included 2,600 of megawatt generation capacity for $740 million
to the government of Venezuela as part of President Hugo
Chavez's drive to nationalize the country's electricity and
telecommunication companies.
Read more at Reuters.com Market News
compared with a year-earlier profit of $348 million, or 52
cents per share, which were restated because of problems with
the company's reporting controls.
AES earlier this year agreed to sell its 82 percent stake
in a 2,600 megawatt generation plant in Caracas for $740
million its 82 percent stake in a Caracas-based business that
included 2,600 of megawatt generation capacity for $740 million
to the government of Venezuela as part of President Hugo
Chavez's drive to nationalize the country's electricity and
telecommunication companies.
Read more at Reuters.com Market News
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