CURITIBA, Brazil, March 26, 2020 /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 fourth
quarter of 2019 and would like to invite you all for its conference
call on Friday to discuss its results.
In 4Q19, earnings before interest, taxes, depreciation and
amortization reached R$ 1,043.7
million, 56.3% higher than the amount of R$ 667.7 million recorded in 4Q18. This result is
basically explained by (i) the 32.3% growth in revenue from "Use of
the main distribution and transmission grid", resulting from the
4.5% growth in the grid market, from Copel Dis's tariff
readjustment (with an increase of 11, 63% at TUSD as of
June 24, 2019) and the start-up of
transmission projects; (ii) the 8.8% increase in the volume of
energy sold in the industrial free market of Copel GeT and
Copel Com, which positively impacted
the "Electricity sales to final customers " revenue; and (iii) the
billing of the CCEAR contracts for Baixo Iguaçu, Colíder and Cutia,
generating an increase in revenue from "Electricity sales to
distributors ". It is also worth mentioning the positive result of
R$ 66.5 million in equity income,
compared to the negative effect of R$ 78.0
million in 4Q18 and the maintenance of manageable costs,
which remained practically stable in nominal terms in relation to
the same period of the year. last year.
Net income reached R$ 596.5
million in 4Q19, 97.5% higher than the R$ 301.9 million reported in the same period in
2018. In 2019, net income was R$ 2,062.9
million, 42.9% higher than the R$
1,444.0 million registered in 2018.
The complete release is available at the Company's website:
ir.copel.com
Conference Call: March 27, 2020
– FRIDAY
English: 09:00 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
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SOURCE Copel - Companhia Paranaense de Energia