Edison's board of directors today approved the figures for the first half which show revenues up 9,1% to 5,8 billion, thanks to the increase recorded by the hydrocarbons sector (+32,5% to 3,39 billion ), and a gross operating margin of 301 million (-26,7%) due to the low rainfall which weighed on hydroelectric production and the compression of margins on sales. Worthy of note is the further growth of the E&P sector, which recorded an increase in production of both oil (+15% to 1,9 million barrels) and gas (+27%) to 1.290 million cubic meters of gas) .
Edison, revenues up to 5,8 billion but drought damages the operating margin
The first half of 2012 is positive for the energy company, with revenues up by 9,1% – EBITDA, however, collapses by 27% due to… drought.