Despite the profit miss, the board approved interim dividends of R$69.2 million — R$0.21 per Unit and R$0.07 per common and preferred share — payable by October 6 to holders of record on August 13. The payout follows a quarter the company described as having "robust operating results." Net debt stood at R$9.5 billion at quarter-end.
Alupar has now missed consensus estimates in four consecutive quarters. With a large share of debt indexed to IPCA and ONS curtailments persisting, the key question is whether transmission growth can absorb rising financial costs and generation volatility before margins stabilize.
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
