COPEL records net income of R$ 270.9 million in the 4Q14

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• Brazil - Português

CURITIBA, Brazil, March 23, 2015 /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 4th 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.

• Recognition of R$1,041.1 million of net sectoral financial assets;
• Impairment loss of R$ 807.3 million in generation assets;
• Cost of energy purchased increased by 63.4%;
• Net income totaled R$ 270.9 million in 4Q14;
• EBITDA stood at R$ 518.7 million in 4Q14, 97.7% up on 4Q13;
• Copel Distribuicao's Captive Market grows 7.2% in the period.

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

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

Live webcast at www.copel.com/ir

Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027
E-mail: [email protected]

SOURCE COPEL

Related Links

http://www.copel.com/ir