ICE Earns More from Currency Fluctuations as Business Revenue Plummets 43%
Q Costa Rica1 newsroom
Picture: Q Costa Rica
Q COSTA RICA — The recent financial report from the Instituto Costarricense de Electricidad (ICE)—state power and telecom utility—reveals a striking contrast between its reported profits and its core business performance. Although the ICE announced a 65% increase in net profits—from ¢73.15 billion colones to ¢120.6 billion—this surge is largely attributed…