CURITIBA, Brazil, March 23, 2015 /PRNewswire/ -- Companhia Paranaense de Energia - COPEL (NYSE: ELPVY, ELP / LATIBEX: XCOP / BM&FBovespa: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announced its results for the 4th quarter of 2014. COPEL's consolidated balance sheet presents the figures of its wholly owned subsidiaries, controlled companies and investees. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and with accounting practices adopted in Brazil.
-- Recognition of R$1,041.1 million of net sectoral financial assets; -- Impairment loss of R$ 807.3 million in generation assets; -- Cost of energy purchased increased by 63.4%; -- Net income totaled R$ 270.9 million in 4Q14; -- EBITDA stood at R$ 518.7 million in 4Q14, 97.7% up on 4Q13; -- Copel Distribuicao's Captive Market grows 7.2% in the period.
The Company's shares and main indexes presented the following variations in the period:
Ticker Price Var. % Index Price Var. % 12/31/2014 year 12/31/2014 year --- ---------- ---- ---------- ---- CPLE3 (common/ BM&FBovespa) R$ 24.90 11.7 Ibovespa 50,007 -2.9 -------------- -------- ---- -------- ------ ---- CPLE6 (preferred B/ BM&FBovespa) R$ 35.90 17.6 IEE 27,161 3.5 ------------------- -------- ---- --- ------ --- ELP (ADR/ Nyse) US$ 13.17 0.2 Dow Jones 17,823 7.5 --------------- --------- --- --------- ------ --- XCOP (preferred B/ Latibex) EUR 11.13 17.2 Latibex 1,747 -15.8 ------------------ --------- ---- ------- ----- -----
The complete release is available at the Company's website: www.copel.com/ir
Conference Call: March 23, 2015 English: 2:00 pm - US EST Dial in number: +1 516 300-1066 Access Code: Copel (Simultaneous translation into English)
Live webcast at www.copel.com/ir
Contacts: Investor Relations - COPEL
Phone: (55 41) 3222-2027
E-mail: ri@copel.com
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SOURCE COPEL