Brazil's Tractebel 1Q Net BRL248.7 Million Vs BRL233.9 Million
14 Mai 2010 - 2:52PM
Dow Jones News
Boosted by growing energy sales, Brazil's Tractebel Energia SA
(TBLEY, TBLE3.BR) posted first-quarter net profit of 248.7 million
Brazilian reals ($140 million), up from BRL233.9 million in the
same period last year.
The utility's first-quarter revenue was BRL945.5 million, up 10%
from the first quarter of 2009.
Tractebel's earnings before interest, taxes, depreciation and
amortization were BRL573.2 million, up 22% from the first quarter
of 2009. The company's Ebitda margin, a key measure of
profitability, rose to 60.6% from 54.6% in the first quarter of
2009.
The company's net debt ended the first quarter at BRL2.38
billion, down from BRL2.8 billion in the year earlier period.
Tractebel is a local subsidiary of Franco-Belgian company Suez
(SZE.FR).
-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071;
rogerio.jelmayer@dowjones.com
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