CURITIBA, Brazil, March 28, 2017 /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 fourth quarter of 2016.
Copel's EBITDA came to R$254.3
million in 4Q16, 78.4% lower than the R$1,175.6 million recorded in 4Q15 when
R$410.6 million in non-recurring
events that positively impacted the result of that period. This
performance in 4Q16 was negatively impacted by (a) for the
recording of R$603.7 million in
provisions, mainly due to the recognition of loss of generation
assets, (b) increase of 23,6% from the electricity purchase, the
result of the lower Generation Scaling Factor (GSF), and (c) the
fall of 2.0% in the grid market of Copel Distribuição. In 4Q16,
Copel recorded a negative result of R$109.8 million compared to net
income of R$402.1 million, in 4Q15.
The complete release is available at the Company's website:
www.copel.com/ir
Conference Call: March 29, 2017
- Wednesday
English:
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9:00 a.m. – 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
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visit:http://www.prnewswire.com/news-releases/copel-records-ebitda-of-r2543-million-in-the-4q16-300430873.html
SOURCE Copel