October 19, 2017 12:20 AM ET

Electric Utilities

Company Overview of Geranorte Energia no Norte S.A.

Company Overview

Geranorte Energia no Norte S.A. owns and operates thermoelectric power plants Tocantinopolis, Nova Olinda, Geramar I and II. Geranorte Energia no Norte S.A. was formerly known as Geradora de Energia do Norte S.A. The company is based in Miranda do Norte, Brazil.

Miranda do Norte, MA 

Brazil

Key Executives for Geranorte Energia no Norte S.A.

Geranorte Energia no Norte S.A. does not have any Key Executives recorded.

Geranorte Energia no Norte S.A. Key Developments

Geramar Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Geramar reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net operating revenues were BRL 19 million against BRL 36 million a year ago. EBITDA was BRL 11 million against BRL 12 million a year ago. Service Income (EBIT) was BRL 10 million against BRL 11 million a year ago. Operating Income (EBT) was BRL 9 million against BRL 10 million a year ago. Net Income was BRL 8 million against BRL 8 million a year ago. For six months, net operating revenues were BRL 47 million against BRL 270 million a year ago. EBITDA was BRL 20 million against BRL 38 million a year ago. Service Income (EBIT) was BRL 19 million against BRL 33 million a year ago. Operating Income (EBT) was BRL 16 million against BRL 28 million a year ago. Net Income was BRL 14 million against BRL 24 million a year ago.

Geramar Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2015

Geramar announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, the company’s net operating revenues were BRL 60 million against BRL 90 million a year ago. EBITDA was BRL 10 million against BRL 11 million a year ago. Service income (EBIT) was BRL 10 million against BRL 10 million a year ago. Financial loss was BRL 1 million against BRL 1 million a year ago. Earnings before taxes were BRL 8 million against BRL 9 million a year ago. Net income was BRL 7 million against BRL 7 million a year ago. For the year, the company’s net operating revenues were BRL 222 million against BRL 297 million a year ago. EBITDA was BRL 45 million against BRL 38 million a year ago. Service income (EBIT) was BRL 42 million against BRL 33 million a year ago. Financial loss was BRL 5 million against BRL 5 million a year ago. Earnings before taxes (EBT) were BRL 37 million against BRL 28 million a year ago. Net income was BRL 31 million against BRL 24 million a year ago.

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