Copel announced 2Q14 Results PR Newswire CURITIBA, Brazil, Aug. 14, 2014 CURITIBA, Brazil, Aug. 14, 2014 /PRNewswire/ --Companhia Paranaense de Energia - Copel (BM&FBovespa: CPLE3, CPLE5, CPLE6 / NYSE: ELPVY, ELP / LATIBEX: XCOP), a company that generates, transmits, distributes and sells power, announces its results for the 2nd quarter of 2014. Copel's consolidated balance sheet presents the figures of its wholly owned subsidiaries, controlled companies and investees. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and with accounting practices adopted in Brazil. oNet income totaled R$ 248.3 million in 2Q14, 1.3% lower than in 2Q13; oNet revenue increased by 48.4%; oCost of energy purchased increased by 76.8%; oEBITDA stood at R$ 466.8 million in 2Q14, 6.4% up on 2Q13; oCopel Distribuicao's Captive Market grows 4.9% in the period; The Company's shares and main indexes presented the following variations in the period: Price Var. % Price Var. % Ticker Index 06/30/2014 year 06/30/2014 year CPLE3 (common/ BM&FBovespa) R$ 23.50 5.4 Ibovespa 53,168 3.2 CPLE6 (preferred B/ BM&FBovespa) R$ 33.88 11.0 IEE 28,133 7.2 ELP (ADR/ Nyse) US$ 15.31 16.5 Dow Jones 16,826 1.5 XCOP (preferred B/ Latibex) Euro11.14 17.3 Latibex 2,095 0.9 The complete release is available at the Company's website: www.copel.com/ir Conference Call: August 15, 2014 English: 2:00 pm – US EST 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 E-mail:firstname.lastname@example.org SOURCE COPEL Website: http://www.copel.com/ir
Copel announced 2Q14 Results
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