Coelce reports Jan-Sep. profits of US$7.6mn
Bnamericas Published: Friday, November 12, 2004
Brazilian power distributor Coelce said that its year-to-September net profits stood at 21.4mn reais (US$7.6mn), 72.5% lower than year-earlier earnings. Coelce's net revenue, however, jumped 34.5% to 989mn reais in the same comparison. At the end of September, Coelce's net equity amounted to 1.2bn reais. Coelce sells power in Brazil's northeastern state of Ceará and is controlled by Spain's Iberdrola. by Ana Paula Ragazzi
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