Transmissora Aliança de Energia Elétrica S.A. Announces Earnings Results for the Second Quarter of 2019; Approves Distribution, Payable on August 19
August 06, 2019 at 10:00 am EDT
Transmissora Aliança de Energia Elétrica S.A. announced earnings results for the second quarter of 2019. For the quarter, the company's income profit reached BRL 307.4 million, an increase of 11.3% were higher when compared to the second quarter 2018. With a higher operating income and maintenance income at BRL 6.5 million, this is a result of the adjustments of the 2018, 2019 cycle. The net income of the second quarter 2019 amounted to BRL 360.2 million with an annual drop of 13%, which was driven especially by the cut of 50% of the RAP of some concessions.
The company's board approved the maximum distribution of net income distributor - which is distributable in the amount of BRL 248.7 million. The payment related to this distribution will happen on August 19 based on the shareholding position of August 8, 2019.