Alupar Investimento S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 21, 2021
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Alupar Investimento S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was BRL 6,140.745 million compared to BRL 4,592.099 million a year ago. Net income was BRL 942.088 million compared to BRL 890.284 million a year ago. For the quarter, sales was BRL 2,405.519 million compared to BRL 1,369.412 million a year ago. Net income was BRL 509.616 million compared to BRL 166.323 million a year ago.
Alupar Investimento SA is a Brazil-based company primarily engaged in the electric utilities sector. The Company focuses on developing and investing in infrastructure projects involving the energy industry in Brazil and other Latin American countries. Its activities are divided into two business segments: Transmission and Generation. The Transmission division holds electric power transmission concessions in Brazil and Chile. The Generation division includes renewable electricity generation through hydroelectric power plants (HPPs), small hydroelectric plants (SHPs) and wind farms in Brazil, Colombia and Peru. The Company operates through numerous subsidiaries, such as Transminas Holding SA, Windepar Holding SA, Alupar Inversiones Peru SAC and Alupar Chile Inversiones SpA. The Company is controlled by Guarupart Participacoes Ltda.