CURITIBA, Brazil, Nov. 12, 2019 /PRNewswire/ -- Companhia
Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP /
B3: CPLE3, CPLE5, CPLE6), a company that generates, transmits,
distributes and sells power, announces its results for the third
quarter of 2019 and would like to invite you all for its conference
call on Wednesday to discuss its results.
Copel recorded EBITDA of R$1,201.7
million, in 3Q19 40.5% higher than the R$855.5 million recorded in 3Q18. This result is
largely explained by the non-recurring items related to the
reversal of impairment generation asset of R$183.6 million, as a result of the res judicata
of Compagas' action to exclude ICMS (net of value-added tax and
services tax) from the PIS/Pasep (social integration tax/Civil
Servants' Investment Program) calculation basis and Cofins, with an
effect of R$100.9 million on
operating revenues, and the positive result of R$82.8 million related to the fair value of the
purchase and sale of energy from Copel Comercialização, partially
offset by the registration of R$136.5
million with impairment and write-offs of amounts arising
from the deactivation of telecommunications assets.
3Q19 EBITDA adjusted for non-recurring items reached
R$970.9 million, 16.0% up on
3Q18.
The complete release is available at the Company's website:
ir.copel.com
Conference Call: November 13,
2019 – WEDNESDAY
|
English:
|
08:00 a.m. – New
York Time
|
|
Dial in
number:
|
+1 646 843 6054
Access Code: Copel
|
|
(Simultaneous
translation into English)
|
Live webcast at ir.copel.com
Contacts: Investor Relations – COPEL
Phone: (55 41) 3331-4011
E-mail: ri@copel.com
View original
content:http://www.prnewswire.com/news-releases/copel-records-ebitda-of-r1-2-billion-in-the-third-quarter-300957005.html
SOURCE Copel - Companhia Paranaense de Energia