Equatorial Energia Records EBITDA of R$165.1 Million and Net Income of R$71.7
Million in the 1Q08
SAO LUIS, Brazil, May 12 /PRNewswire-FirstCall/ -- Equatorial Energia S.A.
(Bovespa: EQTL3) announces its results for the first quarter of 2008 (1Q08).
Equatorial is a holding company with investments in CEMAR - Companhia
Energetica do Estado do Maranhao and in Light S.A. (Light).
FINANCIAL AND OPERATING HIGHLIGHTS
-- Consolidated net operating revenues totaled R$560.5 million, 6.4% up on
the 1Q07, reflecting CEMAR's substantial 18.7% upturn and Light's 0.8%
slight decline.
-- Consolidated EBITDA stood at R$165.1 million, a 3.8% improvement over
the 1Q07.
-- Consolidated net income totaled R$71.7 million, 62.0% up year-on-year.
-- CEMAR's investments (excluding direct investments in the PLPT program)
amounted to R$38.8 million, 23.0% more than the R$31.5 million recorded
in the 1Q07. The PLPT absorbed investments of R$31.3 million,
equivalent to around 3,500 new connections.
-- Light's first-quarter investments came to R$93.2 million, 63.8% higher
than the 1Q07 figure of R$56.9 million.
-- In February, CEMAR raised R$135.1 million from the IFC over 8 years at
102.99% of the CDI (interbank lending rate). The funds will be used to
finance the Company's investment program.
-- On April 7, Equatorial Energia converted all its preferred shares into
common shares. On April 23, it was listed on the Novo Mercado trading
segment of the Sao Paulo Stock Exchange (BOVESPA), which contains only
those companies with the highest standards of corporate governance.
ENGLISH CONFERENCE CALL
Wednesday, May 14, 2008.
12:00 p.m. (Brasilia time)
11:00 a.m. (EST time)
Telephone: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Code: 45540680
PORTUGUESE CONFERENCE CALL
Wednesday, May 14, 2008.
1:00 p.m. (EST time)
2:00 p.m. (Brasilia time)
Telephone: +55 (11) 2188-0188
Replay: +55 (11) 2188-0188
Code: Equatorial
SOURCE Equatorial Energia S.A.
Leonardo Dias, CFO and IRO, or Victor Nogueira, IR Analyst, +55 (98)
3217-2245, ri@equatorialenergia.com.br
