CURITIBA, Brazil, Aug. 11, 2017 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / B3: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announced yesterday its results for the second quarter of 2017.
Copel recorded recorring EBITDA of R$707.2 million in 2Q17, an increase of 46.0% over the recurring EBITDA of R$484.3 million in 2Q16, mainly due to the result of the 4th Tariff Review Cycle of Copel Distribuição, the lower balance with provisions and reversals, especially in allowance for doubtful accounts, and the higher average PLD in the period, partially offset by the recognition of R$31.2 million in impairment and R$67.0 million in additional costs with construction related to the transmission lines.
The complete release is available at the Company's website: www.copel.com/ir
Conference Call: August 11, 2017 - TODAY
English: 14:00 p.m. – New York Time
Dial in number: +1 516 300-1066
Access Code: Copel
(Simultaneous translation into English)
Live webcast at www.copel.com/ir
Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027
SOURCE Companhia Paranaense de Energia - Copel