Equatorial Energia reported consolidated earnings results for the first quarter of 2016. For the quarter, the company reported a 182% rise in adjusted earnings in the first quarter, spurred by higher electricity sales. Adjusted net income totaled BRL 122 million, up from BRL 43 million a year earlier. Net operating revenue rose 3.3% to BRL 1.734 billion, driven by an improved performance from Maranho-state distribution subsidiary Cemar. Meanwhile, the company said it invested BRL 270 million in the first quarter, down 17% year-on-year. EBITDA was BRL 255 million against BRL 251 million a year ago. EBIT was BRL 157 million against BRL 187 million a year ago. Result before income tax was BRL 223 million against BRL 135 million a year ago. Net income was BRL 139 million against BRL 85 million a year ago. Adjusted EBITDA was BRL 236 million against BRL 227 million a year ago. Net Debt was BRL 1,977 million against BRL 2,134 million a year ago. Adjusted net income was BRL 122 million against BRL 43 million a year ago.