Partner and Equity Analyst at Fundamenta
Jorge Mauro is a Partner and Equity Analyst at Fundamenta Capital SA, specializing in equities research across Latin American markets. He covers a diverse set of companies through his role at Fundamenta, leveraging previous experience as an Equities Portfolio Manager at SPX Equities, Equity Analyst at Legg Mason International Equities, and analyst roles at Consultatio Asesores Independientes, Macrovision consulting, Shell Argentina, and Bank of America. Since joining Fundamenta in 2017, Mauro has demonstrated a strong performance track record and holds the Chartered Financial Analyst (CFA) designation along with advanced degrees in Economics and Finance. His expertise is underpinned by a solid academic background from Catholic University of Argentina and Torcuato Di Tella University.
Asked for an explanation of the decline in 'other operating income' in the O&G segment and about future gas production from the Mangrullo field.
The decline in other income is due to a smaller subsidy from the Plan Gas program as retail tariffs have increased, shrinking the compensation gap. This income is expected to shrink further. It's uncertain if Mangrullo's production will be used for the CESA project, as the cheapest gas sources will be prioritized.
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