Eskom posts big profit increase

[Kevin Lancaster]

Eskom posts big profit increase

Eskom CEO Brian Molefe said the entity’s profit increased R11.3bn.

 

[JStrike]

A step in the right direction. Still far the profitability they need

 

[Fuzzbox]

If you receive a 10 Billion rand injection from government and make an 11 Billion rand profit
then what was the point of the cash injection.
Then you only made a Billion rand profit.
Also why do they need this money from the french if they are getting more money in 2016.

 

[JStrike]

If you receive a 10 Billion rand injection from government and make an 11 Billion rand profit
then what was the point of the cash injection.
Then you only made a Billion rand profit.
Also why do they need this money from the french if they are getting more money in 2016.

Because they need over R200b in the next few years...

 

[FrankCastle]

Ok great profit Eskom now take the 11,3b and go buy diesel for next winter you ****ing imbreds.

 

[Devilish]

Ok great profit Eskom now take the 11,3b and go buy diesel for next winter you ****ing imbreds.

Profits are not used to cover operating costs. It is used to grow business.

 

[frobbertze2]

Profits are not used to cover operating costs. It is used to grow business.

But if they are unable to cover the operating costs, should the profit posted not be less?

 

[Sinbad]

Are these not ebitda figures?

 

[Pythonista]

If they're covering costs to THAT extent, then they definitely don't need the "rape" increase they asked for !

 

[abilibo]

Might not necessarily be cash.

 

[DrJohnZoidberg]

Is it not a massive loss?

 

[ThinkCentre]

Bonus-time at Eskom I presume!