Bloomberg News

Argentina’s Metrogas Reports $73 Million Net Loss for 2011

March 12, 2012

Argentina’s natural gas distribution company Metrogas SA (METR) reported a net loss of $73 million in 2011, compared with a $72 million loss in 2010, according to an e-mailed earnings report from the company.

Fixed distribution tariffs since 1999 and rising costs have caused “severe economic and financial unbalance,” the company said in the statement.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net.


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