Main focus
- Eletrobras was once again the focus of attention, after reporting a 66% drop in its net income
- The result displeased investors, and shares responded with a sharp drop at B3.
- The company has admitted for the first time that its privatization is not expected to be completed before May 2022.
Last week was calmer, but not without much news. Come with us to make sure you haven’t missed anything!
Eletrobras was once again the focus of attention, after reporting a 66% drop in its net income , due to new provisions related to compulsory loans.
The result displeased investors, and shares responded with a sharp drop at B3. To make matters worse, the company admitted for the first time that its pri vatization should not be completed before May 2022 . Until then, the forecast was for February of next year.
One of the obstacles for privatization to be completed is the Federal Court of Accounts. An opinion from the body sent to the Ministry of Mines and Energy brought a series of recommendations, including new references for long-term energy prices.
The week was not just about Eletrobras’ balance sheets. In recent days, some companies have even reported their quarterly results, ending the third quarter balance sheet season!
- Vibra’s profit grows 78.5% in the 3rd quarter, to R$ 598 million
- Loss in Santo Antonio grows 38.25% in the 3rd quarter, to R$1.1 billion
- Cosan’s adjusted profit grows 6.5% in the 3rd quarter, to R$531 million
- Vibra awaits Comerc’s reorganization to effect payment of debentures
As we have been telling here, the water crisis decided to provide relief, but its effects persist, as well as the attempts to minimize them.
- BNDES suspends debt collection from structuring hydroelectric plants and helps to mitigate the water crisis
- ONS and industry discuss the RVD program and improvements in operating costs
December is coming up and promises several energy auctions, including the capacity reserve, as well as the long-awaited 2nd Transfer of Rights Surplus Auction.