ELP’s FY11 Gains On Tax Benefits
Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, reported its financial results for the fourth quarter and fiscal year 2011 on March 26. Net income in the quarter increased 21.4% year over year to R$181.9 million (US$101.1 million), or R$0.66 per share (US$0.33 per ADR). In the fiscal year, net earnings escalated 17.2% year [...]
Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, reported its financial results for the fourth quarter and fiscal year 2011 on March 26. Net income in the quarter increased 21.4% year over year to R$181.9 million (US$101.1 million), or R$0.66 per share (US$0.33 per ADR).
In the fiscal year, net earnings escalated 17.2% year over year to R$1,157.7 million (US$693.2 million), or R$4.23 per share (US$2.53 per ADR). Results in the year improved from tax benefits related to IOE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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