CURITIBA, Brazil, March 23 /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 year 2008. All figures included in this
report are in Reais and were prepared in accordance with Brazilian GAAP.
This report presents cumulative data through December 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$ 5,459 million - up 4.9%.
-- Operating income: R$ 1,555 million.
-- Net income: R$ 1,079 million (R$ 3.94 per share) - a 2.5% decrease in
relation to 2007. Net Income in 4Q08 was R$ 180 million.
-- EBITDA (earnings before interest, taxes, depreciation and
amortization): R$ 1,851 million. EBITDA in 4Q08 was R$ 381 million.
-- Return on net equity: 15.5%.
-- Total power consumption billed by COPEL to captive customers in 2008
rose by 6.0% over 2007. COPEL Distribuicao's grid market grew by 5.6%.
-- The Company's shares and main indexes presented the following
variations from January through December 2008:
CPLE3 (common/Bovespa) = -25.4% IBOVESPA = -41.2%
CPLE6 (preferred B/Bovespa) = -10.5% DOW JONES (NYSE) = -33.8%
ELP (ADR/NYSE) = -30.2% LATIBEX = -51.8%
XCOP (preferred B/Latibex) = -28.4%
2008 Results Conference Call
Date: Tuesday, March 24, 2009
Time: 2:00 p.m. (US EDT)
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 Companhia Paranaense de Energia - COPEL
