Eskom reports net profit of R1.3bn but warns that sales are declining
JOHANNESBURG –
Eskom on Thursday reported a net profit after tax of R1.3 billion for the six months ended 30 September, an improvement from R627 million it posted for the same period last year.
Eskom on Thursday reported a net profit after tax of R1.3 billion for the six months ended 30 September, an improvement from R627 million it posted for the same period last year.
But the struggling power utility said it was not out of the woods as the decline in sales continues, with sales volumes 1.29 percent lower than September 2018.
Eskom interim chairperson Jabu Mabuza said the power utility’s growth was being hampered by capacity shortages and economic conditions.
Source: iol.co.za
