Equatorial Energia S.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 11, 2018 at 11:30 am EDT
Equatorial Energia S.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported operating revenues of BRL 3,258,309,000 compared to BRL 2,475,715,000 a year ago. Net operating revenues were BRL 2,405,631,000 compared to BRL 1,747,422,000 a year ago. EBITDA was BRL 301,398,000 compared to BRL 214,520,000 a year ago. Operating income was BRL 189,232,000 compared to BRL 117,239,000 a year ago. Income before tax was BRL 122,402,000 compared to BRL 74,141,000 a year ago. Net income was BRL 64,581,000 compared to BRL 49,483,000 a year ago. Net debt as at March 31, 2018 was BRL 3,228 million compared to BRL 2,712 million a year ago. Adjusted EBITDA reached BRL 324 million, with both discos reducing the energy loss in the quarter. CapEx reached BRL 124 million in this quarter.