The net income from Eletrobras’ continued operations increased 69% in the first quarter of 2022, compared to the same period last year, to R$ 2.716 billion.
The result was positively benefited by the financial performance, especially the positive effect of the exchange rate variation and the 12% increase in gross revenue.
From January to March, net operating revenue advanced 12%, on an annual basis of comparison, to R$ 9.181 billion.
Earnings Before Interest, Taxes, Depreciation and Amortization (Ebitda) grew 9.6% to R$5.428 billion.
According to the company, in the first quarter of this year there was a 3.4% reduction in costs with Personnel, Material, Third-Party Services and Other Expenses (PMSO).
In addition, the company highlighted that it made a Provision for Doubtful Accounts of R$ 1.226 billion, arising from the delinquency of Amazonas Energia, of which R$ 867 million refer to the purchase of electric energy from independent energy producers (PIE) located in Amazonas and R$359 million related to loan agreements owed by the aforementioned distributor.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
