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Pampa Energia Announces Results for the Quarter Ended on March 31st, 2016

BUENOS AIRES, Argentina, May 13, 2016 /PRNewswire/ -- Pampa Energia S.A. PAM, +0.48% (buenos aires stock exchange:PAMP), the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity, as well as natural gas transportation and production, announces the results for the quarter ended on March 31, 2016. All figures are stated in Argentine Pesos and have been prepared in accordance with International Financial Reporting Standards.

Main Results for the First Quarter of 2016:

Consolidated sales revenues of AR$4,226.7 million[1] for the quarter ended on March 31, 2016, 151.9% higher than the AR$1,678.0 million for the quarter of 2015, primarily explained by increases of 27.8% (AR$167.6 million) in generation, 208.7% (AR$2,021.5 million) in distribution, 269.9% (AR$348.1 million) in oil and gas and 57.0% (AR$7.1 million) in holding and others segment.

Adjusted consolidated EBITDA[2] of AR$1,353.2 million for the quarter ended on March 31, 2016, compared to a AR$833.1 million for the quarter of 2015, mainly due to increases of 20.6% (AR$56.2 million) in generation and AR$517.3 million in oil and gas segment, partially offset by decreases of 7.1% (AR$5.9 million) in transmission, 8.6% (AR$31.5 million) in distribution and higher losses of AR$16.2 million in holding and others segment.

Consolidated profit of AR$673.0 million during the quarter ended on March 31, 2016, of which a profit of AR$607.6 million is attributable to the owners of the Company, compared to AR$901.9 million attributable to the owners of the Company in the same quarter of 2015, mainly explained by reported losses of AR$30.6 million in transmission [1] and AR$315.1 million in distribution, partially offset by reported profits of AR$226.5 million in generation, AR$90.8 million in oil and gas and AR$636.0 million in the holding and others segment.

Consolidated Balance Sheet (As of March 31, 2016 and December 31, 2015 in millions of Argentine Pesos)



As of 03.31.16


As of 12.31.15


ASSETS





Participation in joint businesses

188.4


223.9


Participation in associates

-


123.2


Property, plant and equipment

15,541.6


14,508.4


Intangible assets

727.4


734.2


Biological assets

1.8


1.9


Financial assets with a results changing fair value

0.1


2,578.2


Deferred tax assets

324.5


52.3


Trade receivable and other credits

1,315.3


1,228.5


Total non-current assets

18,099.1


19,450.6







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