Companhia Paranaense de Energia ELP or COPEL reported impressive fourth-quarter 2014 results. Net income came in at R$270.9 (US$ 106.7 million), up 52% year over year. Earnings were R$0.99 per share or 39 cents per American Depository Receipt (“ADR”).
For 2014, the company’s net earnings were R$1,335.6 million (R$568.3 million), reflecting an increase of 21.3% from the year-ago tally. Earnings were R$4.87 per share or $2.07 per ADR (above the Zacks Consensus Estimate of $1.46 per ADR).
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