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
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Conference
Call:
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August 12,
2016
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English:
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2:00 pm – New York
Time
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Dial in number: +1
516 300-1066
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Access Code:
Copel
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(Simultaneous
translation into English)
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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-r9966-million-in-the-2q16-300312907.html
SOURCE COPEL