Copel records net income of R$996.6 million in the 2Q16
CURITIBA, Brazil, Aug. 12, 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 second quarter of 2016.
Copel presented a Net Income of R$996.6 million in the 2Q16, an amount 230.0% higher than the R$302.0 million recorded in 2Q15, while EBITDA reached R$1,542.1 million, an increase of 212.7% when compared to 2Q15, reflects of the remeasurement of transmission assets related to RBSE, with R$977.8 million effect on the revenue, and the reversal of R$211.4 million for the provisions for litigations. This result was partially offset by the non-activation of the Araucária TPP and by the reductions in Copel Distribuição's captive and grid markets, by 1.9% and 2.2%, respectivel, and non-recurring effects in Copel Distribuição.
The complete release is available at the Company's website: www.copel.com/ir
| Conference Call: |
August 12, 2016 |
| English: |
2:00 pm – New York Time |
| Dial in number: +1 516 300-1066 |
|
| Access Code: Copel |
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| (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
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