COPEL Announces R$502 Million Net Income In 2005
28 März 2006 - 2:00PM
PR Newswire (US)
CURITIBA, Brazil, March 28 /PRNewswire-FirstCall/ -- Companhia
Paranaense de Energia -- COPEL (NYSE: ELP; LATIBEX: XCOP; BOVESPA:
CPLE3, CPLE5, CPLE6), company that generates, transmits, and
distributes power to the State of Parana, today announces its
operating results for 2005. All figures included in this report are
in thousands of Reais (R$1,000) and were prepared in accordance
with Brazilian GAAP (corporate law). * Net Operating Revenue:
R$4,854 million -- a 23.6% increase compared to the same period of
2004. * Operating Income: R$728 million -- 21.2% higher than the
amount recorded in the previous year. * Net Income: R$502 million
(R$1.84 per thousand shares), 34.3% higher than the amount recorded
in 2004 (R$ 374 million). * Increase in total electric power
consumption at COPEL's concession area: 3.6% * EBITDA (earnings
before interest, taxes, depreciation and amortization): R$1,149
million. * Return on Equity: 10.1% p.a. * As from June 1, 2005,
COPEL has no longer been recording provisions for payments under
the gas supply contract between COPEL, Petrobras and Compagas, due
to its termination. * COPEL's consolidated balance sheet presents,
in addition to the wholly-owned subsidiaries' figures (COPEL
Geracao, COPEL Transmissao, COPEL Distribuicao, COPEL
Telecomunicacoes e COPEL Participacoes), Compagas' and Elejor's
figures. The complete version of the press release is available at
the Company's Web site: http://www.copel.com/ir . Conference Call
in Portuguese: Tuesday, March 28, 2006 2 pm -- U.S. EST Phone: (55
11) 2101-1490 Conference code: COPEL IR Team: Ph. (55 41) 3222-2027
/ e-mail: DATASOURCE: COPEL CONTACT: COPEL IR Team,
+55-41-3222-2027, Web site: http://www.copel.com/ir
Copyright