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May 04, 2015 10:35 AM ET

Electric Utilities

Company Overview of Centrais Elétricas Matogrossenses S.A. - CEMAT

Company Overview

Centrais Elétricas Matogrossenses S.A. – Cemat is primarily engaged in the distribution of electricity to residential, industrial, commercial, rural, government, street lights, and public service sectors in Brazil. The company is also involved in the construction and operation of generation facilities, processing, and transmission of electricity. It serves 1,100,000 customers in 141 municipalities covering an area of 903,000 km2. The company was founded in 1958 and is based in Cuiabá, Brazil.

Rua Manoel dos Santos Coimbra, 184

Cuiabá, MS 78010-900

Brazil

Founded in 1958

Phone:

800 6464 196

Key Executives for Centrais Elétricas Matogrossenses S.A. - CEMAT

Centrais Elétricas Matogrossenses S.A. - CEMAT does not have any Key Executives recorded.

Centrais Elétricas Matogrossenses S.A. - CEMAT Key Developments

Centrais Elétricas Matogrossenses S.A. - CEMAT Announces Earnings Results for the Full Year of 2013

Centrais Elétricas Matogrossenses S.A. - CEMAT announced earnings results for the full year of 2013. The company reported a net loss of BRL 382.7 million ($159.4 million or EUR 116.9 million) in 2013, versus a net loss of BRL 52.9 million registered in 2012. The company attributed the result to the 6.3% annual drop in its gross operating revenue due to the 15.1% average electricity tariff reduction. Also, the company's electricity service costs grew by 5.2%, while operating and financial costs jumped by 20.2% and 34.1%, respectively, in 2013. Cemat's net debts rose 12.9% in annual terms to BRL 1.808 billion in 2013. The company distributed some 6,156 GWh of electricity in 2013, adding 9.5% year-on-year.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 26, 2014
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To contact Centrais Elétricas Matogrossenses S.A. - CEMAT, please visit www.cemat.com.br/cemat. Company data is provided by Capital IQ. Please use this form to report any data issues.

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