Eletrobras reported a nearly 25% increase in fourth-quarter net profit to 1.11 billion reais and announced 1.8 billion reais in additional dividends. Despite a 6.4% decline in adjusted EBITDA, net operational revenue rose over 20% to 12 billion reais, highlighting the firm’s strong market position.
On Thursday, Brazilian power utility Eletrobras (ELET3) announced a significant near 25% rise in its fourth-quarter net profit, reaching 1.11 billion reais (approximately $191.4 million). In addition, the company declared an additional 1.8 billion reais (around $310 million) in dividends for its shareholders, representing a notable return on investment.
As Latin America’s largest utility based on generating capacity, Eletrobras continues to play a crucial role in the region’s energy sector. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), in compliance with local regulatory standards, were reported at 5.1 billion reais for the three-month period concluding in December, a decrease of 6.4% compared to the previous year. Furthermore, the net operational revenue for the quarter was 12 billion reais, reflecting an increase of over 20% year-on-year.
This financial performance not only underscores Eletrobras’s strong market position but also demonstrates its ability to return value to shareholders through increased dividends amidst fluctuating profitability measures.
In summary, Eletrobras has reported a substantial increase in its fourth-quarter net profit while simultaneously announcing additional dividends for its shareholders. Despite a slight decline in EBITDA, the company has shown robust operational revenue growth, reinforcing its prominent status in the Latin American energy sector and commitment to delivering shareholder value.
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