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Issa Koteeb’s profit fell 73% in the second quarter and the company cites a customs duty review

São Paulo – Isa Cteep Electricity Transmission Company, formerly Transmissão Paulista (TRPL4) recorded a net profit of R$ 248.1 million in the second quarter of 2021, which represents a contraction of 73.01% compared to the same period last year, according to the income statement issued on Thursday (29).

The company’s total earnings before interest, tax, depreciation and amortization (Ebitda) amounted to R$630.6 million, a decrease of 58.4% compared to the second quarter of 2020.

Finally, Issa Kateb’s net revenue was R$792.3 million, down 47.1% year-on-year.

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