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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (6524)	5/18/2006 7:56:10 AM
From: elmatador	Respond to of 217757

Copel Records Net Profit 118% Higher Than in First Quarter 2005 CURITIBA, Brazil, May 16 /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, today announced its operating results for the first quarter of 2006. -- Net Operating Revenues: R$ 1,314 million -- a 14.3% increase compared to the same period of 2005. -- Operating Income: R$ 273 million -- 110% higher than the amount recorded in the previous year. -- Net Income: R$ 171 million (R$ 0.62 per thousand shares), 117.7% higher than the amount recorded in 1Q05 (R$ 78 million). -- Increase in total electric power consumption: 1.7% -- EBITDA (earnings before interest, taxes, depreciation and amortization): R$ 364 million, 61.9% higher than the amount recorded in the first quarter of 2005. -- Return on Equity: 12.4% p.a. -- As of June 1, 2005, COPEL has not been recording provisions for payment under the gas supply contract among Copel, Petrobras and Compagas due to its termination. -- On April 13, 2006, ANEEL approved the constitution of guarantees offered by COPEL in order to guarantee the agreement concerning the gas purchase for Araucaria Thermoeletric Power Plant. The Company expects to revert in the next quarter to the surplus provisions that had been constituted for the gas supply contract. In the first quarter of 2006, COPEL booked the penalties and interest on the provisioned amounts. -- COPEL's consolidated balance sheet presents, in addition to the wholly owned subsidiaries' figures (COPEL Geracao, COPEL Transmissao, COPEL Distribuicao, COPEL Telecomunicacoes and COPEL Participacoes), Compagas' and Elejor's figures.