Inversiones Aguas Metropolitanas SA reported consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported operating revenue of CLP 198,184,237,000, operating income of CLP 100,578,432,000, net income before taxes of CLP 86,395,118,000 and net income of CLP 35,050,903,000 against operating revenue of CLP 184,694,286,000, operating income of CLP 90,248,419,000, net income before taxes of CLP 71,882,813,000 and net income of CLP 29,220,545,000 for the period ended March 2011. Net cash flow from operating activities was CLP 118,440,303,000 against CLP 97,623,948,000 a year ago period.

Addition of PP&E was CLP 59,683,616,000 against CLP 38,996,893,000 a year ago period. Addition of intangible assets was CLP 205,000 against CLP 83,277,000 a year ago period. EBITDA was CLP 127,287 million against CLP 117,067 million a year ago period.

The change in EBITDA is mainly explained by an increase in revenue partly offset by the rise in costs of raw materials, justified by mitigation of drought, and other overhead costs. The revenue was increased from the previous period due to a larger volume of water sold, by the natural increase of the customers and increased consumption of these, plus an increase in the average tariffs associated to the accumulated positive indexing registered during 2011.