Copel Q3 Net Profit Down 7.7%
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.
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