Edenor is trading 3.9% down now at ARS 1836 after second-quarter net profit fell 75% year over year to ARS 31.305 billion, despite revenue increasing 10%.
- On August 10, Edenor agreed to acquire YPF’s 70% MetroGAS stake and 5% of MetroENERGÍA for US$780 million.
- The earnings decline and sizable acquisition are the clearest company-specific pressures behind the August 12 move.