CPFL ENERGIA ANNOUNCES NET INCOME OF R$ 234 MILLION IN 2Q12
• Increase of 5.3% in energy sales within the concession area and of 5.0% in sales to the captive market; • Commercial start-up of Bio Ipê and Bio Pedra Thermoelectric Facilities in May 2012, totaling 95 MW of installed capacity; • Conclusion of the acquisition of Bons Ventos Wind Farms, in June 2012; • Distribution of R$ 640 million of intermediary dividends related to 1H12. Dividend yield of 6.1% for the last 12 months; • Investments of R$ 715 million in 2Q12 and of R$ 1,270 million in 1H12; • Assignment of the AA+(bra) credit rating by Fitch Ratings to the debentures’ issuance of subsidiaries and Ba2 (global scale) and Aa3.br (national scale) by Moody’s to CPFL Renováveis; • Increase of 40.3% in the average daily trading volume of CPFL Energia’s shares on BM&FBOVESPA and on NYSE, to R$ 49.8 million in 2Q12 from R$ 35.5 million in 2Q11; • In the last 12 months, CPFL Energia’s shares on BM&FBOVESPA were up 21.8%, outperforming the Ibovespa (-12.9%) and the IEE (17.8%) indexes; • Agência Estado Empresas Distinction Award 2012.
Conference Call with Simultaneous Translation into English (Bilingual Q&A)
Tuesday, August 07, 2012 – 11:00 am (Brasília), 10:00 am (EDT) Portuguese: 55-11-4688-6361 (Brazil) English: 1-888-700-0802 (USA) and 1-786-924-6977 (Other Countries)
I was a guest in a low numbered box seat at the Samba Parade in Rio Carnival 2012. I was intoduced to Mr. Ferreira from (CPL) in the next box seat. I tried to make a joke about the EPS being cut 50% with the new taxes. He started laughing and said he looked at the tax case situation and there is no way EPS would be cut by 50%.