Saturday 15 December 2018
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wn.com - 30 days ago

Earnings Release - 3Q 2018 Results

PUBLICATION OF RESULTS Main factors in 3Q18:  Net Revenue CEMIG REPORTS 3Q18 EBITDA R$ 682 MILLION o 17.45% higher than in 3Q17  Retap o Second tranche of Eurobonds: US$ 500 million  Eurobonds o R$ 83mn financial expense from FX variation on Eurobonds - partially offset by gains on adjustment of hedge instruments to fair value  Gains from improved operational efficiency o Personnel expenses down R$ 50mn (14%) from 3Q17 Indicators (GWh) 3Q18 3Q17 Change % Electricity sold (excluding CCEE) 14,185 14,046 0.99 Indicators (R$ 000) 3Q18 3Q17 Change % Sales on CCEE 29,157 111,330 (73.81) Gross revenue 9,427,374 8,316,895 13.35 Net revenue 6,032,267 5,135,822 17.45 Ebitda (IFRS) 682,296 100,569...

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