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: [phone]
	Access Code: Copel
	(Simultaneous translation into English)

Live webcast at www.copel.com/ir

Contacts: Investor Relations – COPEL
Phone: [phone]
E-mail:[e-mail]

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SOURCE COPEL

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