CURITIBA, Brazil, Aug. 13, 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 second
quarter of 2020 and would like to invite you all for its conference
call on Friday to discuss its results.
In 2Q20, earnings before interest, taxes, depreciation and
amortization reached R$1,793.3
million, 89.4% higher than the R$947.0 million recorded in 2Q19. This result is
explained, basically, by the non-recurring items, referring to the
favorable court decision to Copel Distribuição, which recognizes
the right to exclude the full amount of Tax on Circulation of Goods
and Services - "ICMS" from the Federal taxes PIS and COFINS
calculation basis, which reflected in the record of R$809.1 million in the line "other operating
revenues", and the 4.6% increase in"use of the main distribution
and transmission grid", essentially due to the positive result of
the periodic tariff review of the 060/2001 Main Transmission
Concession Agreement. Excluding non-recurring items, adjusted
EBITDA is R$979.6 million, 1.2%
higher than that recorded in 2Q19.
The complete release is available at the Company's website:
ir.copel.com
Conference Call: August 14,
2020 – FRIDAY
English: 11:00 a.m. – Local
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