Market Overview

Copel Q3 Net Profit Down 7.7%

Related ELP
Markets Open Higher; Rite Aid Lowers Profit Forecast
Apple Unveils Watch, Larger iPhones; Francesca's Shares Drop After Downbeat Results

Brazil's Companhia Paranaense de Energia (NYSE: ELP) reported a 7.7% drop in its third-quarter profit.

Copel's quarterly net income fell to 319.3 million Brazilian reais ($155 million), versus BRL345.8 million, in the year-ago period.

Its revenue climbed 1.9% to BRL2.05 billion, while earnings before interest, taxes, depreciation and amortization fell 5.2% to BRL477 million.

Copel shares closed at $13.42 yesterday.

Posted-In: profitEarnings News

 

Related Articles (ELP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters