Cemig has a loss of $ 10 mm in the 1st quarter

Minas Gerais electric company closed the first quarter with a loss of R$ 57 million ($ 10 million), compared to a profit of R$ 797 million ($ 145 million) in the same period of 2019. The company controlled by the government of Minas Gerais recorded an operating result measured by earnings before interest of R $ 1.355 billion ( $ 246 million), down 6.6% in the annual comparison.

Source: Money Times

Categories: Industry