Eletrobras Reports Significant Profit Growth and Additional Dividends

Eletrobras reported a nearly 25% rise in fourth-quarter net profit to 1.11 billion reais. The firm also announced additional dividends amounting to 1.8 billion reais. Despite a 6.4% decrease in EBITDA, the net operational revenue increased by over 20%.

Eletrobras, Brazil’s premier power company, recorded a significant net profit increase in the fourth quarter, nearly 25% year-on-year, totalling 1.11 billion reais (approximately $191.4 million). In addition, the company declared 1.8 billion reais (around $310 million) in extra dividends for its shareholders, emphasizing its commitment to return value to them.

As the largest utility in Latin America by generating capacity, Eletrobras reported adjusted EBITDA of 5.1 billion reais for the quarter, reflecting a decline of 6.4% compared to the previous year. However, net operational revenue rose to 12 billion reais, witnessing an impressive growth exceeding 20% from the same quarter last year.

The figures depict a mixed financial performance for Eletrobras, showcasing strong net revenue growth alongside a decline in adjusted EBITDA during the last quarter of the year. This development is crucial for stakeholders in understanding the company’s current fiscal health and future prospects, especially in a competitive market.

In summary, Eletrobras has demonstrated remarkable profit growth and strategic announcements regarding dividends, marking a strong financial performance despite a slight decrease in adjusted EBITDA. The company’s ability to enhance net operational revenue significantly underscores its market position and ongoing relevance within Latin America’s utility sector, ensuring a focus on shareholder value.

Original Source: www.tradingview.com