🔴 Edenor is trading 5% down today after Q2 net profit fell 75%

Edenor is trading at ARS 1808.00 (-5.34%) after second-quarter net profit fell 75% year over year to ARS 31.305 billion, despite revenue rising 10%.

• Investor concerns also center on Edenor’s accepted US$780 million purchase of YPF’s 70% Metrogas stake, subject to regulatory approvals.
• The stock has declined from ARS 2121.00 on July 31 to its current level, extending recent weakness.