Eskom profits looking good

[Chicken Boo]

http://www.iol.co.za/business/companies/eskom-s-first-half-profit-surges-1.875829

The state-owned firm, which supplies 95 percent of electricity in Africa's largest economy, said net profit for the six months to end-September was 9.5 billion rand ($1.4 billion), compared with 1.1 billion rand in the same period a year earlier.

Revenue totalled 51.1 billion rand, compared with 38.3 billion rand in the same period a year earlier.

Sounds like a generous round of bonuses is in order.

 

[Mike Hoxbig]

Great, no more need for the annual increases then.

Wtf am I saying, there are still bonuses to pay :/

 

[BBSA]

A monopoly which can force hefty increase on the public and they still make a profit.....impressive

 

[Fazda]

And we will still have the next increase and the next...and we have to suck it up like good little lambs.

 

[davemc]

All this means is that they're not pissing all of the money into their own pockets, and that some money is managing to remain in the company bank accounts for future investments.
Possibly.

 

[Venom Rush]

How much does Telkom need for the proposed work needed for more power?

 

[Mila]

But they asked for more money 2 weeks ago and Pravin gave it...
More christmas bonuses for the idiots it seems

 

[Scooby_Doo]

But they asked for more money 2 weeks ago and Pravin gave it...
More christmas bonuses for the idiots it seems

Oh no that money is included in the profit

 

[Mila]

Oh no that money is included in the profit

Oh yeah I remember Government accounting. Same happend at SAA a year or so ago..

 

[genetic]

Good news. First SAA and now Eskom. Put those profits into new infrastructure!

 

[R13...]

Oh yeah I remember Government accounting. Same happend at SAA a year or so ago..

What do you call yours & Scooby's accounting...?

 

[Scooby_Doo]

What do you call yours & Scooby's accounting...?

I wish my bottom line was like this all the time... accounting?

 

[R13...]

I wish my bottom line was like this all the time... accounting?

Does it differentiate between getting credit guarantees & getting cash that you put on your balance sheet & then declare profit?

 

[Carbon_Fibre]

Comments from the peanut gallery. How about some intelligent comments. Did anyone analyse the data before making quite bold claims?


BTW. I fckn hate ESCUM