Brazil Tractebel 3Q Net Profit Up 3% On Higher Power Sales
07 November 2011 - 10:52AM
Dow Jones News
Tractebel Energia SA (TBLE3.BR), the Brazilian unit of GDF Suez
SA (GSZ.FR), said over the weekend net profit for the third-quarter
rose 3% from a year earlier due to increased electricity sales.
The company's net profit for the three months ended Sept. 30 was
332.3 million Brazilian reais ($191 million), up from BRL322.1
million a year earlier.
The results were compiled using international financial
reporting standards.
Revenue totaled BRL1.15 billion, up from BRL1.08 million.
Earnings before interest, taxes, depreciation, and amortization
grew to BRL725.3 million from BRL688.5 million.
The company's net debt at the end of the third quarter was
BRL2.6 billion, up from BRL3.1 billion a year earlier.
-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071;
rogerio.jelmayer@dowjones.com
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