SAO PAULO (Reuters) -Brazilian power firm Eletrobras reported on Thursday a near 25% increase in its fourth-quarter net profit from a year earlier to 1.11 billion reais ($191.4 million). The company also announced 1.8 billion reais ($310 million) in additional dividends to shareholders in a separate statement. WHY IT’S IMPORTANT Eletrobras is Latin America’s largest […]
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Brazil’s Eletrobras posts profit increase, announces additional dividends
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SAO PAULO (Reuters) -Brazilian power firm Eletrobras reported on Thursday a near 25% increase in its fourth-quarter net profit from a year earlier to 1.11 billion reais ($191.4 million).
The company also announced 1.8 billion reais ($310 million) in additional dividends to shareholders in a separate statement.
WHY IT’S IMPORTANT
Eletrobras is Latin America’s largest utility by generating capacity.
BY THE NUMBERS
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adapted for local regulatory rules, came in at 5.1 billion reais in the three-month period to the end of December, down 6.4% from a year earlier.
Net operational revenue stood at 12 billion reais in the quarter, up more than one-fifth year-on-year.
($1 = 5.7991 reais)
(Reporting by Andre Romani; Editing by Brendan O’Boyle and Tom Hogue)