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Copel announced 2Q14 Results

By PR Newswire,  August 14, 2014, 08:16:00 AM EDT


CURITIBA, Brazil, Aug. 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 2nd 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.

  • Net income totaled R$ 248.3 million in 2Q14, 1.3% lower than in 2Q13;
  • Net revenue increased by 48.4%;
  • Cost of energy purchased increased by 76.8%;
  • EBITDA stood at R$ 466.8 million in 2Q14, 6.4% up on 2Q13;
  • Copel Distribuicao's Captive Market grows 4.9% in the period;

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

Ticker   

Price

06/30/2014

Var. %

year

Index

Price

06/30/2014

Var. %

year

CPLE3 (common/ BM&FBovespa)

R$ 23.50

5.4

Ibovespa

53,168

3.2

CPLE6 (preferred B/ BM&FBovespa)

R$ 33.88

11.0

IEE

28,133

7.2

ELP (ADR/ Nyse)

US$ 15.31

16.5

Dow Jones

16,826

1.5

XCOP (preferred B/ Latibex)

Euro 11.14

17.3

Latibex

2,095

0.9

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

Conference Call: August 15, 2014

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

SOURCE COPEL



This article appears in: News Headlines

Referenced Stocks: CPLE3, CPLE5, CPLE6, ELP, ELPVY


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