Copel announced 2Q14 Results

                         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:ri@copel.com

SOURCE COPEL

Website: http://www.copel.com/ir
 
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