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Article: COPEL Records Net Income of R$ 1,243 Million in 2006.
- Article from:
- PR Newswire
- Article date:
- March 28, 2007
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CURITIBA, Brazil, March 28 /PRNewswire-FirstCall/ -- Companhia Paranaense de Energia- COPEL , a company that generates, transmits, and distributes power in the State of Parana, announced its operating results for the fourth quarter and full year of 2006.
Annual Net Operating Revenues: R$ 5,385 million -- 11% up year-on-year.
Operating Income: R$ 1,837 million -- an increase of 152% compared to the R$ 728 million recorded in 2005.
Net Income: R$ 1,243 million (R$ 4.54 per thousand shares) versus R$ 502 million in 2005. Net income for the 4th quarter was R$ 310 million.
In May, 2006, COPEL reversed R$ 416.4 million related to gas for ...