Companhia Paranaense de Energia Announces Results for First Quarter 2008
YSE: ELP / LATIBEX: XCOP / BOVESPA: CPLE3, CPLE5, CPLE6), a
company that generates, transmits and distributes power to the
State of
Parana, announces its first quarter 2008 results. All figures included in this
report are in Reais and were prepared in accordance with Brazilian GAAP
(corporate law method).
- COPEL's consolidated financial statements present, in addition to the
figures of the wholly-owned subsidiaries (COPEL Geracao e Transmissao, COPEL
Distribuicao, COPEL Telecomunicacoes and COPEL Participacoes), those of
Compagas, Elejor, UEG Araucaria and Centrais Eolicas do Parana (companies in
which Copel retains a majority stake). From January 2008 on, Domino Holdings
started to be partially consolidated (45%).
- Net operating revenues for the 1Q08: R$ 1,314.6 million -- a 5.5%
increase compared to the 1Q07.
- Operating income: R$ 389.8 million.
- Net income: R$ 255.5 million (R$ 0.93 per share).
- EBITDA (earnings before interest, taxes, depreciation and amortization):
R$447.5 million.
- Return on net equity: 3.5%.
- Total power consumption billed by COPEL to captive customers rose 6.4%
over the first quarter last year.
- By the end of the 1Q08, COPEL's shares appreciated at the following
rates:
CPLE3 (common/Bovespa) = 4.5%
CPLE6 (preferred B/Bovespa) = 7.1%
ELP (ADR/Nyse) = 8.2%
XCOP (preferred B/Latibex) = (1.2)%
For further information, please contact:
Investor Relations - COPEL
Telephone: +55 (41) 3222-2027
Fax: +55 (41) 3331-2849
http://www.copel.com/ir
SOURCE Companhia Paranaense de Energia
