Companhia Energetica de Minas Gerais Q2 Adjusted Net Income Declines, Revenue Increases

MT Newswires Live

08/14

Companhia Energetica de Minas Gerais (CIG) reported Q2 adjusted net income Thursday of 1.12 billion Brazilian reais ($215.5 million), down from 1.32 billion reais a year earlier.

Revenue for the quarter ended June 30 was 11.15 billion reais, up from 10.79 billion reais a year earlier.

Four analysts polled by FactSet expected 9.41 billion reais.

Shares of the company were up 2.6% in Friday's premarket activity.

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