A general view of the headquarter of the embattled South African main electricity provider ESKOM is pictured on February 4, 2015 in Johannesburg. South Africa power supply was under “extreme” pressure on February 2, 2015 and likely to remain so until end of the week after a technical fault at the country’s sole nuclear plant, electricity utility Eskom said. AFP PHOTO/GIANLUIGI GUERCIA (Photo by Gianluigi GUERCIA / AFP) (Photo by GIANLUIGI GUERCIA/AFP via Getty Images)

JOHANNESBURG, Dec 19 (Reuters) – South African state power utility Eskom on Thursday reported a higher loss after tax of 55 billion rand ($3 billion) in the financial year to the end of March because of an accounting adjustment linked to the separation of its transmission unit.

The loss after tax was up from 26.1 billion rand in the year to the end of March 2023.

Revenue in the year to end-March 2024 grew 14% to 295.8 billion rand, a presentation on the company’s website showed. Sales volumes dipped 3% to 183.3 Terawatt hours, as the company implemented power cuts on 329 days during the reporting year.

($1 = 18.2461 rand)

(Reporting by Nqobile Dludla and Bhargav Acharya; Editing by Alexander Winning)