A Equatorial Energy (EQTL3) set the date for the payment of BRL 385 million approved on April 28 to July 9, 2023, shows a document sent to the market this Thursday (25).
The stock started to be traded ‘ex-dividends’ on April 28th. The price per share is R$0.35.
Equatorial profit lower than expected
A Equatorial recorded a net profit of R$ 288 million in the first quarter of 2023 (1Q23).
The number represents a drop of 57.6% compared to the company’s result in the same period of the previous year, when the Equatorial recorded earnings of R$ 679 million.
The result was also lower than expected by the market, which calculated a profit of R$ 447 million for Equatorial, according to Bloomberg’s consensus.
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.