CURITIBA, Brazil, March 28, 2017 /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 fourth quarter of 2016.
Copel's EBITDA came to R$254.3 million in 4Q16, 78.4% lower than the R$1,175.6 million recorded in 4Q15 when R$410.6 million in non-recurring events that positively impacted the result of that period. This performance in 4Q16 was negatively impacted by (a) for the recording of R$603.7 million in provisions, mainly due to the recognition of loss of generation assets, (b) increase of 23,6% from the electricity purchase, the result of the lower Generation Scaling Factor (GSF), and (c) the fall of 2.0% in the grid market of Copel Distribuição. In 4Q16, Copel recorded a negative result of R$109.8 million compared to net income of R$402.1 million, in 4Q15.
The complete release is available at the Company's website: www.copel.com/ir
Conference Call: March 29, 2017 - Wednesday
9:00 a.m. – New York Time
Dial in number: +1 516 300-1066
Access Code: Copel
(Simultaneous translation into English)
Live webcast at www.copel.com/ir
Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027
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