Neoenergia reported this Tuesday (26) a net profit of R$ 1.07 billion between April and June, which corresponds to an increase of 7% compared to the same period in 2021.
The electric company’s earnings before interest, taxes, depreciation and amortization (Ebitda) reached R$ 3.23 billion in the second quarter, 40% higher in the annual comparison.
Neoenergia’s revenue, in turn, rose 1% in the period, to R$9.64 billion.
In a note, the company controlled by Spanish Iberdrola said that it maintained “sustainable financial growth” in the period, and highlighted the increase in the volume of investments, with a focus on expanding the portfolio of renewable energy generation and distribution networks.
Between January and June, Neoenergia’s investments (Capex) totaled R$ 4.6 billion, a figure 30% higher than that recorded in the same period of 2021.
In the renewable generation segment, the electric company said that its wind energy production increased by 123.77% in the second quarter compared to the same period in 2021, reaching 917 gigawatt-hours (GWh). The results were boosted by the start-up, last year, of the Chafariz wind farm, in Paraíba.
In the networks segment, which comprises the group’s five distributors, Neoenergia said that the concessionaires continued to improve the quality of energy supply.
The highlight was Neoenergia Brasília, the last distributor incorporated into the group, which started to comply with the regulatory limits of FEC (frequency of power interruption) and reduced the percentage of energy losses for the sixth consecutive quarter.
Source: CNN Brasil
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