Eletrobras reported a near 25% increase in fourth-quarter net profit, reaching 1.11 billion reais ($191.4 million), alongside an announcement of additional dividends totaling 1.8 billion reais ($310 million) for shareholders. Adjusted EBITDA declined by 6.4%, while operational revenue surged by over 20% year-on-year, underscoring the company’s prominent role in Latin America’s energy sector.
On Thursday, Brazilian power company Eletrobras reported a significant increase in its fourth-quarter net profit, rising nearly 25% year-over-year to 1.11 billion reais ($191.4 million). Additionally, the firm declared an impressive 1.8 billion reais ($310 million) in dividends for its shareholders, reinforcing its commitment to returning value to investors.
As the largest utility in Latin America by generating capacity, Eletrobras plays a crucial role in the region’s energy sector. Despite the profit growth, the company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the December quarter amounted to 5.1 billion reais, reflecting a decline of 6.4% compared to the previous year.
Moreover, the net operational revenue for Eletrobras reached 12 billion reais for the quarter, marking a year-on-year increase of over 20%. This robust performance highlights the company’s resilience and strategic positioning within the energy market.
Eletrobras has demonstrated significant financial growth with a 25% increase in quarterly net profit and substantial dividend declarations, emphasizing its strong market presence as Latin America’s largest utility. Despite a minor reduction in EBITDA, the company’s operational revenue reflects healthy annual growth, indicating a positive outlook for its future performance.
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