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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 | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.57% | 7.08 | 7.1775 | 7.02 | 7.08 | 148,121 | 21:23:01 |
CURITIBA, Brazil, May 13, 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 first quarter of 2016.
Copel's net income totaled R$136.1 million in 1Q16, 71.0% lower than the R$470.0 million recorded in 1Q15, while EBITDA fell 36.7%, to R$528.3 million, as a result of (a) lower dispatch from the Araucaria TPP, (b) the strategy adopted by Copel Geracao e Transmissao of allocating more energy to the short-term market at the beginning of 2015, (c) the decline in the spot price (PLD) in the period, (d) the 4.3% reduction in Copel Distribuicao's captive and grid markets, and (e) record of R$121.1 million in provisions and reversals.
The complete release is available at the Company's website: www.copel.com/ir
Conference Call: May 13, 2016
English: |
2:30 pm – New York Time |
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-net-income-of-r-1361-million-in-the-1q16-300268313.html
SOURCE Copel
Copyright 2016 PR Newswire
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