Neoenergia has profit of $ 96 million in the first quarter, up 17%

Electric company Neoenergia recorded net income of R$ 577 million ($ 96 million) in the first quarter of 2020, an increase of 17% compared to the same period last year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) totalled R$ 1.5 billion ($ 250 million) in the period, an increase of 14.1%, while investments reached R$ 964.5 million ($160 million), an increase of about 10%.

Source: Money Times