CURITIBA, Brazil, March 23, 2015 /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 4th 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.
- Recognition of R$1,041.1 million
of net sectoral financial assets;
- Impairment loss of R$ 807.3
million in generation assets;
- Cost of energy purchased increased by 63.4%;
- Net income totaled R$ 270.9
million in 4Q14;
- EBITDA stood at R$ 518.7 million
in 4Q14, 97.7% up on 4Q13;
- Copel Distribuicao's Captive Market grows 7.2% in the
period.
The Company's shares and main indexes presented the following
variations in the period:
|
Ticker
|
Price
12/31/2014
|
Var.
%
year
|
Index
|
Price
12/31/2014
|
Var.
%
year
|
|
CPLE3 (common/
BM&FBovespa)
|
R$ 24.90
|
11.7
|
Ibovespa
|
50,007
|
-2.9
|
|
CPLE6 (preferred B/
BM&FBovespa)
|
R$ 35.90
|
17.6
|
IEE
|
27,161
|
3.5
|
|
ELP (ADR/
Nyse)
|
US$ 13.17
|
0.2
|
Dow Jones
|
17,823
|
7.5
|
|
XCOP (preferred B/
Latibex)
|
€ 11.13
|
17.2
|
Latibex
|
1,747
|
-15.8
|
The complete release is available at the Company's website:
www.copel.com/ir
|
Conference
Call:
|
March 23,
2015
|
|
|
|
English:
|
2:00 pm – US
EST
|
|
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-net-income-of-r-2709-million-in-the-4q14-300054222.html
SOURCE COPEL