Pampa Energía announces results for the quarter ended on March 31, 2021
News provided by
Share this article
Share this article
BUENOS AIRES, Argentina, May 12, 2021 /PRNewswire/ Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), the largest independent energy integrated company in Argentina, with active participation in the country s electricity and gas value chain, announces the results for the quarter ended on March 31, 2021.
As of January 1, 2019, the Company adopted US$ as functional currency for the reporting of its financial information. The presentation of this information in AR$ is converted at transactional nominal exchange rate ( FX ).
However, Edenor (electricity distribution), Transener, TGS and Refinor (holding and others) record their operations in local currency. Thus, the Q1 21 figures are adjusted by inflation as of March 31, 2021 (6.1%), translated to US$ at closing FX of 92.00. Moreover, the Q1 20 figures are adjusted by inflation as of Ma