Latest news for Light (OTC:LGSXY) Stock

LIGHT S.A. ADR

Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. The company generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives maximum of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. The company operates in three segments namely: Distribution, Generation and Trading, out of which maximum revenue is generated from Distribution segment.

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Light SA Posts 16% Decline In Q1 Net Profit

Light SA

Light SA (OTC: <a class="ticker" href="/stock/lgsxy#OTC">LGSXY</a>) reported a 16% drop in its first-quarter net profit.

Light's quarterly net profit fell to 140 million Brazilian reais ($71.7 million), from BRL166 million, in the year-ago period. Its net revenue climbed 4.7% to BRL1.77 billion, from BRL1.69 billion.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) declined to BRL434 million.

Light shares dropped 1.32% to close at $13.48 on Friday.

Light

Light SA (OTC: <a class="ticker" href="/stock/lgsxy#OTC">LGSXY</a>) reported a 16% drop in its first-quarter net profit.

Light's quarterly net profit fell to 140 million Brazilian reais ($71.7 million), from BRL166 million, in the year-ago period. Its net revenue climbed 4.7% to BRL1.77 billion, from BRL1.69 billion.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) declined to BRL434 million.

Light shares dropped 1.32% to close at $13.48 on Friday.

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Latest news for Light (OTC:LGSXY) Stock

Monday, May 14, 2012