EGIEY Engie Brasil Energia SA (PK)

8.26

-0.21 (-2.48%)

07 Jun 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Engie Brasil Energia SA (PK)	USOTC:EGIEY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.21	-2.48%	8.26	8.19	8.39	8.44	8.217	8.385	14,060	21:15:01

Brazil Tractebel 2Q Net Profit BRL358.8 Million Vs BRL269.5 Million

01/08/2011 12:44pm

Dow Jones News

Engie Brasil Energia (PK) (USOTC:EGIEY)
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Tractebel Energia SA (TBLEY, TBLE3.BR), the Brazilian unit of GDF Suez SA (GSZ.FR), said over the weekend that net profit for the second quarter increased 33.1% as it sold more electricity and for higher prices on the spot market.

Tractebel's net profit rose to 358.8 million Brazilian reais ($231 million) in the second quarter, up from BRL269.5 million a year earlier.

Figures were compiled using international financial reporting standards, or IFRS.

Revenue climbed to BRL1.18 billion from BRL1.07 million in the second quarter of 2010. Earnings before interest, taxes, depreciation and amortization, or Ebitda, grew to BRL725.5 million from BRL639.4 million.

Net debt for the second quarter was at BRL3.13 billion, up from BRL2.2 billion at the end of the second quarter of 2010.

-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071; rogerio.jelmayer@dowjones.com