CURITIBA, Brazil, Nov. 14, 2014 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (BM&FBovespa: CPLE3, CPLE5, CPLE6 /NYSE: ELPVY, ELP / LATIBEX: XCOP), a company that generates, transmits, distributes and sells power, announces its results for the 3rd quarter of 2014. Copel's consolidated balance sheet presents the figures of its wholly owned subsidiaries, controlled companies and investees. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and with accounting practices adopted in Brazil.
- Anticipation of R$ 380.8 million in dividends and IOC – 50% of adjusted net income for the 1H14;
- Net income totaled R$ 233.4 million in 3Q14;
- Net revenue increased by 42.5%;
- Cost of energy purchased increased by 57.3%;
- EBITDA stood at R$ 495.8 million in 3Q14, 7.0% up on 3Q13;
- Copel Distribuicao's Captive Market grows 3.1% in the period.
The Company's shares and main indexes presented the following variations in the period:
| Ticker |
Price 09/30/2014 |
Var. % year |
Index |
Price 09/30/2014 |
Var. % year |
| CPLE3 (common/ BM&FBovespa) |
R$ 23.37 |
4.8 |
Ibovespa |
54,116 |
5.1 |
| CPLE6 (preferred B/ BM&FBovespa) |
R$ 33.34 |
9.2 |
IEE |
27,596 |
5.1 |
| ELP (ADR/ Nyse) |
US$ 13.67 |
4.0 |
Dow Jones |
14,042 |
-15.3 |
| XCOP (preferred B/ Latibex) |
Euro 10.89 |
14.6 |
Latibex |
2,200 |
6.0 |
The complete release is available at the Company's website: www.copel.com/ir
Conference Call: November 18, 2014
English: 12:00 pm – US EST
Dial in number: +1 516 300-1066
Access Code: Copel
(Simultaneous translation into English)
Live webcast at www.copel.com/ir
Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027
E-mail:[email protected]
SOURCE COPEL
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article