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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.
According to the management, the total consolidated operating income amounted to R$922.1 million, down by R$778.5 million compared to the same period last year, and these results are mainly explained by the adjustment part (PA) that refers to the application of the periodic review of customs tariffs (RTP). Renewable contract and RBSE financial component reward at cost of equity (“Ke”) registered in June 2020.
“Excluding recognition of the adjustment portion (RTP and RBSE), total operating revenue for the second quarter of 2021 will be R$76.9 million higher than in the second quarter of 2020,” explained the directors.
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