TECO Guatemala Income Drops 17%

Sales summed $21.1 million in the first half of the year, 17% less than the same period of 2008, when $25.4 million were sold.

Friday, August 14, 2009

Statements presented to the U.S. Securities and Exchanges Commission report a $2.5 million reduction in net income, "as a result of the reduction of the Distribution Added Value (VAD), from the sale price...".

From website Siglo XXI: "The report states that income dropped $3.8 million ... because of problems at San José power plant, which was idle for several weeks".

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