Sales were volumes down by 6.7%.
It lessened the volumes' gross debt by R18.9 billion.
This was a 16.9% reduction and created a massive debt of R401.8 billion.
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The power utility’s debt remained non-viable and attracted a nett finance that cost R31.5 billion.
It turned the operating profit of R5.8 billion into an after-tax loss of R18.9 billion.
For the 2020/21 financial year, Eskom gained revenue of more than R204 billion.
Eskom CEO Andre De Ruyter says an increase in electricity tariffs should be expected. Image: Waldo Swiegers / BloombergSource: Getty Images
According to eNCA, Eskom disclosed its annual results on Tuesday, 31 August.
Source: Briefly News
Lebogang Mashego (Current Affairs HOD)Lebogang Mashego runs the Current Affairs desk.
She joined the Briefly News team in 2021.
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She has 6 years of experience in the journalism field.
She worked as a lifestyle writer and editor at W24 and Opera News.
She graduated with a BA degree majoring in Journalism and Media Studies in 2017.
She’s a recipient of the INMA Elevate Scholarship.
