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Article: AES Tiete's Net Income in 2Q09 was R$ 199 Million, to be Fully Distributed as Dividends.
- Article from:
- PR Newswire
- Article date:
- August 13, 2009
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SAO PAULO, Aug. 13 /PRNewswire-FirstCall/ -- AES Tiete S.A. (OTC: AESAY, AESYY; Bovespa: GETI3, GETI4) today announced its results for the 2nd quarter, 2009.
Comments by Mr. Alexandre Innecco - CFO and Investor Relations Officer
"AES Tiete's EBITDA was R$ 325.1 million, 12.4% higher than in 2Q08, while net income reached R$ 199.2 million, an increase of 48.6% compared to the same period in the previous year. The higher price of energy sold through the bilateral contract (13.44%), adjusted annually in July by the IGP-M, the maintenance of the costs and expenses structure and higher financial income positively impacted the Company's results.
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