The emblem for Eletrobras, a Brazilian electrical utilities firm, is displayed on a display on the ground on the New York Inventory Trade (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid
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Aug 12 (Reuters) – Brazilian energy firm Eletrobras (ELET6.SA) on Friday reported its second-quarter web earnings fell 45%, hit by the availability for losses in investments.
Within the first earnings report since its privatization, Centrais Eletricas Brasileiras SA, as the corporate is formally recognized, posted a web earnings of 1.4 billion reais ($276.03 million).
Adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) rose 6% to 4.861 billion reais from the earlier yr.
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Web working income reached 8.856 billion reais, up 19%.
In June, Brazil’s authorities diluted its stake in Eletrobras, Latin America’s largest utility, by a share providing that raised about $6 billion and lured international buyers. learn extra
($1 = 5.0719 reais)
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Reporting by Peter Frontini
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