Brazil's Cteep reports gains on transmission upturn

Thursday, July 31, 2014

Brazilian transmission company Cteep reported second quarter net income of 90.1mn reais (US$39.9mn), up 90% year-on-year.

Ebitda rose 162% over the period to 119.8mn reais while net operating revenue climbed 6.3% to 218.4mn reais, Cteep said in a results report.

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Based in São Paulo, Cteep is Brazil's largest private transmission company with 12,993km of transmission lines and 105 substations in 12 states.

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