Engie Brasil Energia S.A. Reports Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2017
For the nine months, the company reported net revenue from sales of BRL 4,942,593,000 compared to BRL 4,776,162,000 a year ago. Operating loss was BRL 131,858,000 compared to BRL 143,974,000 a year ago. Income before financial result and taxes was BRL 1,969,699,000 compared to BRL 1,881,097,000 a year ago. Income before taxes was BRL 1,840,771,000 compared to BRL 1,570,629,000 a year ago. Net income for the period was BRL 652,742,192,000 or BRL 1.9914 per share compared to BRL 652,742,192,000 or BRL 1.6434 per share a year ago. Net cash from operating activities was BRL 2,001,169,000 compared to BRL 1,831,557,000 a year ago. Used in fixed assets and intangibles was BRL 1,382,987,000 compared to BRL 738,314,000 a year ago. EBITDA was BRL 2,451.8 million compared to BRL 2,351.5 million a year ago. Net debt was BRL 1,464.0 million compared to BRL 765.0 million a year ago.
For the quarter, the company reported average gross power production of 4,076 MW compared to 5,104 MW a year ago. Average energy sold was 4,008 MW compared to 3,933 MW a year ago.
For the nine months, the company reported average gross power production of 4,134 MW compared to 5,172 MW a year ago. Average energy sold was 4,033 MW compared to 3,960 MW a year ago.