Copel Announces 9M10 Results

News provided by

Companhia Paranaense de Energia - COPEL

Nov 10, 2010, 11:00 ET

CURITIBA, Brazil, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Companhia Paranaense de Energia - COPEL (BM&FBOVESPA: CPLE3, CPLE5, CPLE6 /NYSE: ELP / LATIBEX: XCOP), a company that generates, transmits, distributes and sells power to the State of Parana, announced its results for the first three quarters of 2010.

  • Operating Income: R$ 549 million.
  • Net Income: R$ 360 million (R$ 1.31 per share).
  • EBITDA (earnings before interest, taxes, depreciation and amortization): R$ 555 million.
  • Return on Shareholder's Equity: 4.1% in 1H10.
  • Growth in power consumption billed by COPEL to captive customers: 7.1%.
  • Copel's rating calculated by Fitch is AA(bra) for the corporate and for the 4th debenture issue.

The Company's shares and main indexes presented the following variations in the semester:

Ticker

Price 09/30/2010

Var. % year

Index

Points 06/30/2010

Var.% year

CPLE3 (common/ BM&FBovespa)

R$ 33.90

(7.1)

IBOVESPA

69,429

1.2

CPLE6 (preferred B/ BM&FBovespa)

R$ 37.25

0.6


ELP (ADR/ NYSE)

US$ 22.25

3.7

DOW JONES

10,788

3.4

XCOP (preferred B/ Latibex)

EUR 16.10

8.6

LATIBEX

3,499

0.7

The complete release is available at the Company's website: www.copel.com/ir

Conference Call: November 10, 2010

English:

1:30 pm – US EST

Dial in access: (+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 Companhia Paranaense de Energia - COPEL

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED