Engie Brasil reported net income of R$ 319 million in the second quarter of this year, a drop of 58.4% compared to the same period last year, due to the update of the concessions payable, corrected by the General Price Index – Market ( IGP-M) and for non-recurring effects. In the semester, the profit of Engie retreated 33.6%, to R$ 848 million.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for the period was R$1.5 billion, up 19.7% on an annual comparison basis, while consolidated Ebitda was R$1.4 billion , 4.4% decline compared to the same period last year.
Between April and June, the energy sales price was R$205.35 per megawatt-hour (MWh), up 4.9% compared to the second quarter of 2020, while the amount of energy sold in contracts had a slight retraction of 0.4%.
Already the production of energy advanced 51.4% in the period, to 7,242 gigawatt-hour (GWh). At the hydroelectric plants operated by Engie, generation was 4,464 GWh, an increase of 59.5% year-on-year. The thermoelectric plants produced 1,466 GWh, an increase of 64.5%, and the complementary ones generated 1,312 GWh, an increase of 19.9%.
In the quarter, the cash position was R$ 5.1 billion, and leverage, measured by the net debt to Ebitda ratio, remained at 1.9 times. The company also informed that it maintained its investment forecast for the year at R$3.7 billion.
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