Taesa (TAEE11) ended the first quarter of 2024 with an IFRS net profit of R$374.0 million, representing a 3.3% decrease compared to the same period last year.
Total earnings before interest, taxes, depreciation and amortization (EBITDA) under IFRS reached R$558.2 million in the first quarter of 2024, an increase of 2% compared to the first quarter of 2023.
The IFRS EBITDA margin reached 76.3% between January and March of this year, a decrease of 2.7 percentage points compared to the margin recorded in the first quarter of 2023.
Continues after ad
Download list 11 small-cap stocks that, in expert opinion, have growth potential in the months and years ahead
Total net IFRS revenues amounted to R$731.3 million in the first quarter of this year, a growth of 5.5% compared to the same point in 2023.
Total costs, expenses, depreciation and amortization amounted to R$187.3 million in the first quarter of 2024, which is 25.0% higher compared to the first quarter of 2023. Total PMSO costs amounted to R$99.0 million, registering a year-over-year increase of 29.8%.
Continues after ad
The net financial result came in negative at R$303.9 million in the first quarter of 2024, an increase of 7.9% over the financial losses at the same point in 2023.
As of March 31, 2024, the company’s net debt amounted to R$8,801 billion, an increase of 3.3% compared to December 2023.
The Company’s Board of Directors approved the distribution of profits collected based on the preliminary financial statements prepared on March 31, 2024 in the amount of R$ 144.9 million, as equity interest (JCP).
“Hardcore beer fanatic. Falls down a lot. Professional coffee fan. Music ninja.”
More Stories
The northeast leads the expansion of energy production in the country Economy
Priority payments in Republika Srpska after floods
Will the hinterland leave Brazil? See what could happen to the restaurant chain