Energisa S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021
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Energisa S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 6,100.748 million compared to BRL 4,398.712 million a year ago. Net income was BRL 679.833 million compared to net loss of BRL 104.581 million a year ago. Basic earnings per share from continuing operations was BRL 0.38 compared to basic loss per share from continuing operations of BRL 0.0576 a year ago. For the half year, sales was BRL 11,566.178 million compared to BRL 9,181.026 million a year ago. Net income was BRL 1,499.596 million compared to BRL 468.442 million a year ago. Basic earnings per share from continuing operations was BRL 0.83 compared to BRL 0.2582 a year ago.
Energisa SA is a Brazil-based holding company involved in the energy sector. Through its subsidiaries, the Company is mainly engaged in the distribution and marketing of electric energy. It distributes energy for residential, industrial, commercial and rural consumption. The Company operates in the states of Rio de Janeiro, Sao Paulo, Parana, Minas Gerais, Sergipe, Paraiba, Mato Grosso, Mato Grosso do Sul, Tocantins, Rondonia and Acre. In addition to entities engaged in the electric energy distribution, the Company's subsidiaries include Energisa Solucoes SA, which provides services related to generation and distribution of electric power; Energisa Servicos Aereos SA, which provides thermographic inspection services; and Energisa Planejamento e Corretagem Seguros Ltda, involved in the insurance brokerage, among others.