Eletrobras makes $230 mm profit, 44% drop

State-owned energy company Eletrobras had a net profit of R$1.27 billion ($230 mm) in the fourth quarter of 2020, down 44% on the R$2.27 billion ($ 412 mm) in the same period of 2019, according to financial statements sent to the Securities and Exchange Commission (CVM). The amounts refer to the profit attributable to the company’s shareholders. Net operating revenue totalled R$9.01 billion ($1.6 bn) from October to December last year, up 17% from R$7.71 billion ($1.4 bn)in the same interval of 2019.

Source: Valor Investe