Engie Brasil Energia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 06:09 pm EST
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Engie Brasil Energia S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 2,746.63 million compared to BRL 3,388.85 million a year ago. Net income was BRL 733.87 million compared to BRL 638.7 million a year ago. Basic earnings per share from continuing operations was BRL 0.89943 compared to BRL 0.78279 a year ago. Diluted earnings per share from continuing operations was BRL 0.89943 compared to BRL 0.78279 a year ago.
For the nine months, sales was BRL 8,805.19 million compared to BRL 9,771.85 million a year ago. Net income was BRL 1,772.85 million compared to BRL 1,486.29 million a year ago. Basic earnings per share from continuing operations was BRL 2.1728 compared to BRL 1.82159 a year ago. Diluted earnings per share from continuing operations was BRL 2.1728 compared to BRL 1.82159 a year ago.
ENGIE Brasil Energia S.A., formerly Tractebel Energia S.A., is an independent utility concessionaire. The Company is engaged in the business of generation and commercialization of electrical energy. The Company develops and operates power plants. The Company installs and operates plants fired from conventional energy sources, such as hydroelectric, thermoelectric and complementary units, small hydroelectric plants and wind, biomass and photovoltaic plants. The Company's installed capacity, including its stakes in energy generation consortiums, is approximately 7,000 megawatts. The Company's generation facilities in operation consist of 29 plants, of which nine hydroelectric power plants, seven thermoelectric power plants (three coal, three biomass and one natural gas plant), three small hydro power plants (SHPP), nine wind farms and one photovoltaic solar power plant. The Company is controlled by ENGIE Brasil Participacoes Ltda.
ENGIE BRASIL ENERGIA S.A. 
