SAO PAULO, May 11, 2011 /PRNewswire/ -- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (BM&FBovespa: ELPL3, ELPL4; OTC: EPUMY and ELPSY), announced today its results for 1Q11.
AES Eletropaulo's captive market consumption grew by 6.3% to 9,078 GWh in 1Q11. This result was made possible by the positive performance in the residential and commercial classes. In turn, free customers climbed by 12.6%, contributing a 7.4% increase in the total market.
The good market performance, coupled with the July 2010 tariff adjustment, had a positive impact on the Company's results in the period. Thus, in 1Q11 Net Revenues rose by 7.2% year-over-year. EBITDA and Net Income were also higher, by 10.2% and 26.5% respectively, in the quarter.
AES Eletropaulo has been improving its operational indicators, result from the continuous investments made by the Company. In 1Q11, R$ 156.4 million was invested, 59.2% more than in 1Q10.
In line with our shareholder remuneration policy, the General Shareholders' Meeting held on April 29, 2011 approved the Executive Board's proposal to distribute R$ 916.4 million as dividends and interest on equity related to 2010 . Added to the R$ 625.5 million interim dividends already paid during 2010, the remuneration to shareholders come to R$ 1,541.9 million, or 96.5% of the adjusted net income in the period.
Conference Call / Webcast
PRESENTATION:
Britaldo Soares - Chief Executive Officer
Rinaldo Pecchio - CFO and Investor Relations Officer
Date: Friday, May 13, 2011
TIME: 2:00 p.m. (BR)/ 1:00 p.m. (EDT)
CONNECTION:
- Brazil: (+55 11) 4688-6361
- USA: (1-888) 700-0802
- Other countries: (1 786) 924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED.
CONFERENCE CODE: AES Eletropaulo
REPLAY: (+55 11) 4688-6312
CODE: 5059150
AVAILABLE FROM: 05/13/11 to 05/19/11
A slide presentation will be available for viewing and downloading on the website www.aeseletropaulo.com.br/ri.
The Conference Call will be live broadcasted over the Internet on the same website, remaining available after the event.
CONTACT: ANDRE AMORIM
TEL: 55 11 2195-2428
FAX: 55 11 2195-2503
E-MAIL: andre.amorim@aes.com
SOURCE AES Eletropaulo
