By Jeffrey T. Lewis

SÃO PAULO--Brazilian power company CPFL Energia SA said profit rose in the fourth quarter from a year earlier, helped by a jump in income from its generating business.

The holding company, which owns stakes in generation, distribution and commercialization businesses, said Thursday evening that net income increased 15.5% from the fourth quarter of 2019 to 989 million reais, the equivalent of $175 million. Earnings before interest, taxes, depreciation and amortization rose 10.4% to 1.9 billion reais and net operating revenue rose 15.6% to 9.3 billion reais.

Net income from CPFL's generation segment jumped 41.9% in the fourth quarter from a year earlier to 502 million reais, while EBITDA from generation rose 8.5% to 768 million reais. Net income from distribution fell 10.7% from a year earlier to 543 million reais, but EBITDA rose 11% to 1.1 billion reais.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

03-25-21 1924ET