Eskom profit tanks 64% - with a massive loss on the cards for 2023
The group saw a jump in revenue to R144.84 billion over the period . However, earnings before interest, taxation, depreciation and amortisation was recorded lower at R37.96 billion .
The transmission and distribution businesses continue to perform well, with profits of R7 billion each.The Eskom board said that it has assessed and noted various pressures on the company and its ability to continue as a going concern for the foreseeable future.projected net loss before tax for 2023, which is currently estimated at R32.4 billionReviewed the performance of the group for the period ended 30 September 2022, including the net profit after tax of R3.
However, the company has also received continue equity support from the national government, with R21.9 billion committed and received in January 2023.
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