Companhia Energetica de Minas Gerais CEMIG operates within the Electric services sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Companhia Energetica de Minas Gerais CEMIG with three other
companies in this sector in Brazil:
Compania Paranaense De Energia Copel
sales of 13.10 billion Brazilian Reals [US$4.18 billion]
of which 64%
was DIS - Distribution),
(11.81 billion Brazilian Reals [US$3.76 billion]
of which 96%
was Distribution), and
CPFL Energia SA
(19.11 billion Brazilian Reals [US$6.09 billion]
of which 79%
was Energy Distribution).
During the year ended December of 2016, sales at
Companhia Energetica de Minas Gerais CEMIG were 18.77 billion Brazilian Reals (US$5.98 billion).
decrease of 11.8%
versus 2015, when the company's sales were 21.29 billion Brazilian Reals.
Contributing to the drop in overall sales was the 16.6% decline
in Generation, from 7.05 billion Brazilian Reals to 5.87 billion Brazilian Reals.
There were also decreases in sales in
Distribution (down 14.5% to 10.60 billion Brazilian Reals)
Gas (down 15.4% to 1.18 billion Brazilian Reals)
However, these declines were partially offset by the increase in sales of
Transmission (up 114.6% to 1.11 billion Brazilian Reals)
Telecommunication (up 2.1% to 125.17 million Brazilian Reals)
Other (up 27.2% to 116.21 million Brazilian Reals)