Cemig shares rise 3% as fourth-quarter profit jumps 88%

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Super Micro shares plunge after co-founder arrested for chip smuggling scheme UBS remains confident in U.S. stocks, sees S&P 500 hitting 7,700 Oil gyrates as U.S. looks to lift crude supply - what’s moving markets Gold prices inch up, but on pace for weekly loss, as Iran war dents rate cut bets (South Africa Philippines Nigeria) Cemig shares rise 3% as fourth-quarter profit jumps 88% By Editor Garrett Cook Stock Markets Editor Garrett Cook Published 03/20/2026, 10:40 AM Cemig shares rise 3% as fourth-quarter profit jumps 88% 0 CMIG4 2.71% Investing.com -- Shares of Brazil’s state-controlled electric utility Cemig (CMIG4.SA) rose about 3% on Friday after the company announced its fourth-quarter results. Cemig is the top gainer in benchmark stock index Bovespa (.BVSP), which fell 2%. The company posted a net profit of 1.88 billion reais ($355.8 million), up 88% year-on-year. Consolidated earnings before interest, taxes, depreciation and amortization totaled 2.95 billion reais, a 54% increase from a year earlier. Analysts at JPMorgan said that solid energy trading gains counterbalanced deteriorating cost and volume dynamics. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.