Copel announced 3Q14 Results

CURITIBA, Brazil, Nov. 14, 2014 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (BM&FBovespa: CPLE3, CPLE5, CPLE6 / NYSE: ELPVY, ELP / LATIBEX: XCOP), a company that generates, transmits, distributes and sells power, announces its results for the 3rd quarter of 2014. Copel's consolidated balance sheet presents the figures of its wholly owned subsidiaries, controlled companies and investees. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and with accounting practices adopted in Brazil.

• Anticipation of R$ 380.8 million in dividends and IOC – 50% of adjusted net income for the 1H14;
• Net income totaled R$ 233.4 million in 3Q14;
• Net revenue increased by 42.5%;
• Cost of energy purchased increased by 57.3%;
• EBITDA stood at R$ 495.8 million in 3Q14, 7.0% up on 3Q13;
• Copel Distribuicao's Captive Market grows 3.1% in the period.

The Company's shares and main indexes presented the following variations in the period:

 

Ticker	Price 09/30/2014	Var. % year	Index	Price 09/30/2014	Var. % year
CPLE3 (common/ BM&FBovespa)	R$ 23.37	4.8	Ibovespa	54,116	5.1
CPLE6 (preferred B/ BM&FBovespa)	R$ 33.34	9.2	IEE	27,596	5.1
ELP (ADR/ Nyse)	US$ 13.67	4.0	Dow Jones	14,042	-15.3
XCOP (preferred B/ Latibex)	Euro 10.89	14.6	Latibex	2,200	6.0

 

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

Conference Call: November 18, 2014

English: 12:00 pm – US EST
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]

SOURCE COPEL

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