May 24, 2018 6:22 AM ET

Electric Utilities

Company Overview of Celesc Distribuição S.A.

Company Overview

Celesc Distribuição S.A. is engaged in planning, designing, building, and operating systems for the processing, distribution, and sale of electricity and related services. The company was founded in 2006 and is based in Florianópolis, Brazil. Celesc Distribuição S.A. operates as a subsidiary of Centrais Elétricas de Santa Catarina S.A.

Avenida Itamarati, 160

Blocos A1, B1, B2

Itacorubi

Florianópolis, SC 88034-900

Brazil

Founded in 2006

Phone:

55 48 3231 5000

Fax:

55 48 3231 5649

Key Executives for Celesc Distribuição S.A.

Celesc Distribuição S.A. does not have any Key Executives recorded.

Celesc Distribuição S.A. Key Developments

Celesc Distribuição S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Celesc Distribuição S.A. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net operating revenue of BRL 1,199,050,000 against BRL 1,608,357,000 for the same period a year ago. Operating loss before financial income was BRL 244,460,000 against BRL 52,933,000 for the same period a year ago. LBITDA was BRL 194,809,000 against BRL 9,252,000 for the same period a year ago. Loss before tax was BRL 291,783,000 against income before tax of BRL 10,869,000 for the same period a year ago. Net loss was BRL 192,164,000 against net income of BRL 13,818,000 for the same period a year ago. Negative annual return on equity was 16% compared to annual return on equity of 0.9% a year ago. Adjusted EBITDA was BRL 37.5 million against BRL 0.7 million for the same period a year ago. Adjusted net loss was BRL 38.8 million against adjusted net profit of BRL 20.4 million for the same period a year ago. For the six months, the company reported net operating revenue of BRL 2,820,429,000 against BRL 3,389,620,000 for the same period a year ago. Operating loss before financial income was BRL 200,417,000 against BRL 26,645,000 for the same period a year ago. LBITDA was BRL 100,822,000 against EBITDA of BRL 59,454,000 for the same period a year ago. Loss before tax was BRL 265,545,000 against income before tax of BRL 65,330,000 for the same period a year ago. Net loss was BRL 175,545,000 against net income of BRL 56,995,000 for the same period a year ago. Negative annual return on equity was 6.2% compared to annual return on equity of 1.7% a year ago. Net cash from operating activities was BRL 837,329,000 for the first half of 2016. Adjusted EBITDA was BRL 131.5 million against BRL 39.5 million for the same period a year ago. Adjusted net loss was BRL 22.2 million against adjusted net profit of BRL 43.8 million for the same period a year ago.

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