CURITIBA, Brazil, Nov. 10, 2016 /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 third quarter of 2016.
Copel's EBITDA came to R$427.7
million in 3Q16, 42.9% higher than the R$299.2 million recorded in 3Q15. This
performance was positively impacted by: (a) Copel Distribuição's
result, due to the 4th Tariff Review Cycle, (b) Copel GeT's
strategy to allocate energy to the short-term market, and (c) the
17.0% growth in equity in earnings of subsidiaries the results of
investees, due to the startup of new transmission assets. The
result presented was partially offset by: (a) the negative impact
of R$206.4 million referring to the
cash flow remeasurement of assets related to RBSE, (b) the
non-activation of the Araucária TPP, and (c) the 9% decline in
captive market consumption, primarily due to the migration of
customers to the free market.
The complete release is available at the Company's website:
www.copel.com/ir
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Conference Call:
November 16, 2016 - Wednesday
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English:
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3:00 p.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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/copel-records-ebitda-of-r4277-million-in-the-3q16-300361088.html
SOURCE COPEL