Brazil power firm Eletrobras posts $62.8 million loss in first quarter
ReutersMay 14, 2025 10:10 PM
SAO PAULO, May 14 (Reuters) - Brazilian power firm Eletrobras ELET3.SA, Latin America's largest utility by generating capacity, posted on Wednesday a 354 million reais ($62.8 million) net loss for the first quarter, compared to a 331 million-real profit a year earlier.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adapted for local regulatory rules, came in at 5.38 billion reais in the three-month period to the end of March, down 4.1% from a year earlier.
($1 = 5.6406 reais)
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