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Profile - Companhia Energetica (OTC BB:CEMCY.OB)
As of 31-Aug-2001
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More Info: nothing available.
Location
Avenida Barbacena
1200 Ed. Julio Soares
Belo Horizonte, Brazil
Phone: (877) 248-4237
Email: mail@cemig.com.br
Employees (last reported count): 11,648
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Utilities
 ·Industry: Electric Utilities
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 1%
·Institutional: 0% (0% of float)
(43 institutions)
·Net Inst. Selling: 141.0K shares (+38.67%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Companhia Energetica de Minas Geras (Cemig) is one of Brazil's electrical energy concessionaires. The Cemig concession extends over 96% of the Minas Gerais State territory, which is located in the southeastern region of Brazil. The area covered is 560,000 square kilometers and is equivalent to a country the size of France. Cemig has 38 electricity generation plants within this concession, mostly hydroelectric, which produce energy to meet the demands of 17 million people throughout the 774 municipalities within its concession in Minas Gerais State. Cemig operates the largest electricity distribution network in Latin America, which extends over 300,000 kilometers. As one of Brazil's main integrated companies, Cemig generates, transmits and distributes electrical energy to the second largest consumer market in Brazil, where many of the largest Brazilian iron and stell industries, mining, automobile and metallurgical companies are set up.
More from Market Guide: Expanded Business Description

Financial Summary
Companhia Energetica de Minas Gerais generates, transmits and distributes electrical energy to the second largest consumer market in Brazil. For the three months ended 3/31/01, revenues rose 15% to CR$1.23 billion. Net loss totaled CR$12.5 million, vs. an income of CR$82.4 million. Revenues reflect an increased electric energy tariff. Loss reflects an increase in personnel salaries, increased cost of energy purchased for resale and increased maintenance expenses.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 1,326,984; after tax earnings were 26,662. (Preliminary; reported in thousands of Real.)

More from Market Guide: Significant Developments

Officers

Position
Djalma Bastos de MoraisCEO, Director of Technological and Environmental Devel.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:CEMCY.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 1-June-2001
$8.90 
Recent Price$10.741
52-Week High
on 15-Sep-2000
$19.00 
Beta1.82 
Daily Volume (3-month avg)62.0K
Daily Volume (10-day avg)24.0K
Stock Performance
52-Week Change-42.7%
52-Week Change
relative to S&P500
-23.1%
Share-Related Items
Market Capitalization$1.71B
Shares Outstanding159.0M
Float157.4M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq*)$16.37 
Earnings (ttm)$0.52 
Earnings (mrq)$0.07 
Sales (ttm)$13.12 
Cash (mrq*)$1.22 
Valuation Ratios
Price/Book (mrq*)0.66 
Price/Earnings (ttm)20.62 
Price/Sales (ttm)0.82 
Income Statements
Sales (ttm)$2.08B
EBITDA (ttm*)$485.9M
Income available to common (ttm)$82.8M
Profitability
Profit Margin (ttm)4.5%
Operating Margin (ttm)5.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)1.98%
Return on Equity (ttm)2.83%
Financial Strength
Current Ratio (mrq*)0.78 
Debt/Equity (mrq*)0.28 
Total Cash (mrq)$580.7M
Short Interest
Shares ShortN/A 
ADR Information
Shares/ADR1
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001);   dollar amounts based on an exchange rate of 2.55 Real/Dollar

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