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Net income fell to 306mn reais (US$96mn) from 12.7bn reais a year earlier, according to a securities filing on Friday.
Adjusted earnings, excluding non-recurring items, reached 162mn reais compared to a 157mn-real deficit a year earlier. Ebitda fell 87% to 3.0bn reais.
Eletrobras said 2,097 employees had accepted redundancy packages by July 14, leading to operating costs of 706mn reais.