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AES Sees $206 Million in Fourth-Quarter 2014 Profit, Faces Headwinds from Brazil Drought, Currency Volatility

AES Sees $206 Million in Fourth-Quarter 2014 Profit, Faces Headwinds from Brazil Drought, Currency Volatility

SUGAR LAND--February 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--International power company AES (NYSE:AES) (Arlington, Virginia) reported its net earnings swung to $206 million in the fourth quarter of 2014, from a $206 million loss a year earlier. Capital expenditures (capex) totaled $2.54 billion, down from $2.58 billion in 2013, the company reported. The company said it broke ground on six new projects in 2014, totaling 2,226 megawatts (MW), which are expected to be brought online through 2018. Industrial Info is tracking 122 AES-related projects worth $16.16 billion.

Within this article: Details on AES' quarter and projects, including the construction of two thermal power stations in Vietnam.

Other companies featured: CB&I (NYSE:CBI)