Copel records EBITDA of R$427.7 million in the 3Q16
CURITIBA, Brazil, Nov. 10, 2016 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / BM&FBovespa: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announced its results for the third quarter of 2016.
Copel's EBITDA came to R$427.7 million in 3Q16, 42.9% higher than the R$299.2 million recorded in 3Q15. This performance was positively impacted by: (a) Copel Distribuição's result, due to the 4th Tariff Review Cycle, (b) Copel GeT's strategy to allocate energy to the short-term market, and (c) the 17.0% growth in equity in earnings of subsidiaries the results of investees, due to the startup of new transmission assets. The result presented was partially offset by: (a) the negative impact of R$206.4 million referring to the cash flow remeasurement of assets related to RBSE, (b) the non-activation of the Araucária TPP, and (c) the 9% decline in captive market consumption, primarily due to the migration of customers to the free market.
The complete release is available at the Company's website: www.copel.com/ir
| Conference Call: November 16, 2016 - Wednesday |
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| English: |
3:00 p.m. – New York Time |
| Dial in number: +1-516-300-1066 |
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| Access Code: Copel |
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| (Simultaneous translation into English) |
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Live webcast at www.copel.com/ir
Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027
E-mail: [email protected]
SOURCE COPEL
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