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ELP Companhia Parana De Energ

7.72
-0.16 (-2.03%)
After Hours
Last Updated: 20:07:28
Delayed by 15 minutes
Share Name Share Symbol Market Type
Companhia Parana De Energ NYSE:ELP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -2.03% 7.72 7.895 7.63 7.86 742,002 20:07:28

Copel records EBITDA of R$254.3 million in the 4Q16

29/03/2017 2:24am

PR Newswire (US)


Companhia Parana De Energ (NYSE:ELP)
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CURITIBA, Brazil, March 28, 2017 /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 fourth quarter of 2016.

Copel's EBITDA came to R$254.3 million in 4Q16, 78.4% lower than the R$1,175.6 million recorded in 4Q15 when R$410.6 million in non-recurring events that positively impacted the result of that period. This performance in 4Q16 was negatively impacted by (a) for the recording of R$603.7 million in provisions, mainly due to the recognition of loss of generation assets, (b) increase of 23,6% from the electricity purchase, the result of the lower Generation Scaling Factor (GSF), and (c) the fall of 2.0% in the grid market of Copel Distribuição. In 4Q16, Copel recorded a negative result of R$109.8 million compared to net income of R$402.1 million, in 4Q15.

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

Conference Call: March 29, 2017 - Wednesday

English:          

9:00 a.m. – New York Time


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:ri@copel.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/copel-records-ebitda-of-r2543-million-in-the-4q16-300430873.html

SOURCE Copel

Copyright 2017 PR Newswire

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