Pampa Energia Announces its Results for the Six-Month Period Ended on June 30, 2011

^{Published on 2011-08-11 20:00:26 - Market Wire}
 

Pampa Energia Announces its Results for the Six-Month Period Ended on... -- BUENOS AIRES, Argentina, Aug. 11, 2011 /PRNewswire/ --

[ ]

My news for Investors

AtLeast one of the check box should be selected You are following news about Follow the latest news about PAM

BUENOS AIRES, Argentina, Aug. 11, 2011 /PRNewswire/ -- Pampa Energia S.A. (NYSE: [ PAM ]; Buenos Aires Stock Exchange: PAMP) ("Pampa" or the "Company"), the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity, announces today its results corresponding to the six-month period ended June 30, 2011.  All figures are stated in Argentine pesos and have been prepared in accordance with Argentine GAAP.

Highlights for the Six-month Period ended June 30, 2011

Consolidated net sales of AR$3,264.5 million, 43.6% greater than the AR$2,273.7 million for the same period of 2010, mainly due to increases of 41.0% (AR$431.2 million) in generation, 12.9% (AR$17.3 million) in transmission, 48.6% (AR$529.7 million) in distribution and AR$13.5 million in holding and others.

Adjusted Consolidated EBITDA(1) of AR$530.8 million, 4.2% higher than in the same period of 2010, mainly due to increases of 4.7% (AR$2.7 million) in transmission, and of 6.8% (AR$21.6 million) in distribution, and to minor losses in holding and others (AR$2.9 million), which were partially offset by a 3.9% (AR$5.7 million) reduction in generation.

Consolidated net loss of AR$80.9 million, compared to a net loss of AR$82.0 for the same period of 2010.

Highlights for the Second Quarter of 2011

The financial information presented in this document for the quarters ended June 30, 2011 and 2010 is derived from the unaudited financial statements prepared in accordance with Argentine GAAP for the six-month periods ended June 30, 2011 and 2010 and the three-month periods ended March 31, 2011 and 2010, respectively.

Consolidated net sales of AR$1,689.0 million for the second quarter of 2011, 36.9% higher than the AR$1,233.5 million for the same period of 2010, mainly due to an increase in net sales of 6.1% (AR$39.8 million) in the generation segment, of 15.5% (AR$10.0 million) in the transmission segment, of 76.2% (AR$394.3 million) in the distribution segment, and of AR$10.7 million in the holding and others segment.

Adjusted Consolidated EBITDA(2) of AR$223.4 million, 14.9% lower than the AR$262.4 million from the same period of 2010, mainly due to a reduction of 43.9% (AR$33.7 million) in generation and of 6.5% (AR$10.9 million) in distribution, partially offset by a 5.1% (AR$1.3 million) increase in transmission and minor losses of AR$4.4 million in holding and others.

Consolidated Net Loss of AR$95.9 million in the second quarter of 2011, compared to a consolidated net loss of AR$87.2 million for the same period of 2010.

Consolidated Income Statement (AR$)

(For the six-months periods ended June 30, 2011 and June 30, 2010, and for the second quarters ended June 30, 2011 and June 30, 2010, in Argentine Pesos.)

The financial information presented in this document for the quarters ended June 30, 2011 and 2010 is derived from the unaudited financial statements prepared in accordance with Argentine GAAP for the six-month periods ended June 30, 2011 and 2010 and the three-month periods ended March 31, 2011 and 2010, respectively.

FOR THE FULL VERSION OF THIS RESULTS REPORT, PLEASE VISIT [ http://www.pampaenergia.com/ir ].

Conference Call Information

There will be a conference call to discuss Pampa's second quarter 2011 results on Friday, August 12, 2011 at 10:00 a.m. New York Time / 11:00 a.m. Buenos Aires Time. Mr. Ricardo Torres, Chief Executive Officer of the Company, will be presenting for Pampa Energia S.A.  For those interested in participating, please dial 0800-444-2930 in Argentina, +1 (877) 317-6776 in the United States or +1 (412) 317-6776 from any other country. Participants of the conference call should use the identification password Pampa Energia and dial-in five minutes before the scheduled time. There will also be a live audio webcast of the conference at [ www.pampaenergia.com/ir ].

In addition to the audio file in the website, a replay of the conference call through telephone is available dialing +1 (877) 344-7529 in the United States or +1 (412) 317-0088 from any other country. The conference's identification code is 10001990.  This recording will be available one hour after the finalization of the conference call and through August 22, 2011.'

(1) Adjusted Consolidated EBITDA represents the consolidated earnings before financial results, net, income taxes, depreciation, amortization, reserve directors options, other income and expenses, net, and minority interest, including PUREE proceeds and other collections. For more information, please refer to section 5 of the complete Earnings Release.

(2) Adjusted Consolidated EBITDA represents the consolidated earnings before financial results, net, income taxes, depreciation, amortization, reserve directors options, other income and expenses, net, and minority interest, including PUREE proceeds and other collections. For more information, please refer to section 5 of the complete Earnings Release.

For further information, contact:
Ricardo Torres - Chief Executive Officer
Mariano Batistella - Investor Relations – Special Projects
3302 Ortiz de Ocampo, Building #4
(C1425DSR) Ciudad Autónoma de Buenos Aires, Argentina
Phone: 5411 4809 9500
[ http://www.pampaenergia.com/ir ]
[ investor@pampaenergia.com ]

SOURCE Pampa Energia S.A.

RELATED LINKS
[ http://www.pampaholding.com/ir ]