Eletrobras Reports Significant Profit Increase and Announces Dividends

Eletrobras reported a near 25% increase in Q4 net profit to 1.11 billion reais ($191.4 million) and announced additional dividends of 1.8 billion reais ($310 million). Adjusted EBITDA was 5.1 billion reais, down 6.4%, while net operational revenue rose over 20% to 12 billion reais.

Eletrobras, Brazil’s leading power company, reported a significant increase in its financial performance for the fourth quarter, revealing a nearly 25% rise in net profit to 1.11 billion reais ($191.4 million) compared to the same period last year. This improvement underscores the company’s robust operational capabilities and market presence as Latin America’s largest utility in terms of generating capacity.

In addition to the profit announcement, Eletrobras revealed it would distribute an additional 1.8 billion reais ($310 million) in dividends to its shareholders, marking a positive return on investment for its investors. The decision to enhance dividends reflects the company’s commitment to sharing its financial success with its stakeholders.

Despite the profit gains, the adjusted EBITDA, which accounts for local regulatory requirements, experienced a decline of 6.4%, landing at 5.1 billion reais for the three-month period concluding in December. Moreover, the net operational revenue for the quarter surged to 12 billion reais, a year-on-year increase of over 20%, indicating sustained revenue growth amid challenging conditions.

Eletrobras has demonstrated substantial profitability with a 25% increase in net profit for the fourth quarter. The announcement of additional dividends highlights the company’s commitment to shareholder value. Although there was a slight decline in adjusted EBITDA, overall net operational revenue showed significant growth, reinforcing Eletrobras’s position as a crucial player in Latin America’s energy sector.

Original Source: www.tradingview.com