RIO DE JANEIRO, Brazil, Aug. 12 /PRNewswire-FirstCall/ -- Equatorial
Energia S.A. (Bovespa: EQTL3) announces its results for the second quarter
of 2008 (2Q08). 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$550.9 million in the
2Q08, 6.0% up on the 2Q07, and R$1,111.4 million year-to-date, 6.1% more
than the first six months of 2007. First-half growth reflected CEMAR's
14.1% increase and Light's slight 1.2% upturn.
-- CEMAR and Light's billed energy volume amounted to 13,644 GWh in the
1H08, 0.9% down year-on-year. In individual terms, CEMAR's billed volume
moved up 2.1%, while Light's fell by 1.2%.
-- CEMAR's last-12-month energy losses totaled 28.8% in the second
quarter, 0.7 p.p. less than the 2Q07 ratio of 29.5%. Light's losses came to
20.4%, in line with previous quarters.
-- EBITDA grew 4.8% year-on-year in the 2Q08 to R$173.4 million, while
first-half EBITDA came to R$338.6 million, 4.0% up on the 1H07.
-- Equatorial posted a consolidated net income of R$71.9 million in the
2Q08 and R$143.7 million in the 1H08, 6.7% higher than the first half of
2007.
ENGLISH CONFERENCE CALL
Thursday, August 14, 2008.
12:00 p.m. (Brasilia time)
11:00 a.m. (EDT time)
Telephone: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Code: 55839993
PORTUGUESE CONFERENCE CALL
Thursday, August 14, 2008.
1:00 p.m. (EDT time)
2:00 p.m. (Brasilia time)
Telephone: +55 (11) 2188-0188
Replay: +55 (11) 2188-0188
Code: Equatorial
SOURCE Equatorial Energia S.A.
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Related links:
http://www.equatorialenergia.com.br/ir
CONTACT:
Leonardo Dias, CFO and IRO, or Maria Eliza
Castro, IR Manager, both of Equatorial Energia S.A.,
+55-21-3206-6607, ir@equatorialenergia.com.br
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