CURITIBA, Brazil, Nov. 13 /PRNewswire-FirstCall/ -- Companhia Paranaense
de Energia - COPEL (NYSE: ELP; LATIBEX: XCOP; BOVESPA: CPLE3; CPLE5; CPLE6), a
company that generates, transmits and distributes power to the State of
Parana, announces its results for the third quarter of 2008. All figures
included in this report are in Reais and were prepared in accordance with
Brazilian GAAP.
This report presents cumulative data through September 2008 compared with
the same period in the previous year.
-- 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: R$ 4,056 million -- a 6.0% increase compared
with the first nine months of 2007 (9M07).
-- Operating income: R$ 1,298 million, up 8.9% year-on-year.
-- Net income: R$ 899 million (R$ 3.29 per share) -- 13.2% variation
versus the first nine months of 2007. In 3Q08 alone, net income reached
R$ 286 million.
-- EBITDA (earnings before interest, taxes, depreciation and
amortization): R$ 1,477 million. In 3Q08 alone, EBITDA stood at
R$ 437 million.
-- Return on net equity: 12.7%.
-- Total power consumption billed by COPEL to captive customers rose 6.4%
over 9M07. COPEL Distribuicao's grid market grew 6.6%.
-- From January through September 2008, the prices of COPEL's shares and
the main indexes variation are as follows:
CPLE3 (common/Bovespa) = -5.08% IBOVESPA = -22.45%:
CPLE6 (preferred B/Bovespa) = -1.49% DOW JONES (NYSE) = -18.20%
ELP (ADR/NYSE) = -9.08% LATIBEX = -25.93%
XCOP (preferred B/Latibex) = -8.87%
3Q08 Results Conference Call
Date: Friday, November 14, 2008
Time: 8:30 a.m. (EST)
Telephone: (1) 786-924-6977
Code: COPEL
Contacts:
Investor Relations - COPEL
Solange Elizabeth Maueler Gomide
Telephone: Fax:
+55 (41) 3222-2027 +55 (41) 3331-2849
E-mail:
ri@copel.com
SOURCE COPEL
