Brazil Tractebel 2Q Net Profit BRL358.8 Million Vs BRL269.5 Million
01 August 2011 - 1:44PM
Dow Jones News
Tractebel Energia SA (TBLEY, TBLE3.BR), the Brazilian unit of
GDF Suez SA (GSZ.FR), said over the weekend that net profit for the
second quarter increased 33.1% as it sold more electricity and for
higher prices on the spot market.
Tractebel's net profit rose to 358.8 million Brazilian reais
($231 million) in the second quarter, up from BRL269.5 million a
year earlier.
Figures were compiled using international financial reporting
standards, or IFRS.
Revenue climbed to BRL1.18 billion from BRL1.07 million in the
second quarter of 2010. Earnings before interest, taxes,
depreciation and amortization, or Ebitda, grew to BRL725.5 million
from BRL639.4 million.
Net debt for the second quarter was at BRL3.13 billion, up from
BRL2.2 billion at the end of the second quarter of 2010.
-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071;
rogerio.jelmayer@dowjones.com
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