Mr. Arlindo Porto Neto serves as Member of the Executive Board of Companhia Energetica de Minas Gerais CEMIG since May 26 2009. Prior to this he had served as Deputy Chief Executive Officer of the company. Since 2004 he has served as Vice President of Development of Minas Gerais CODEMIG. He was Senator of the Republic by the State of Minas Gerais from 1995 to 2003. He also held the post of Minister of Agriculture and Supply from 1996 to 1998. From 1991 to 1994 he was Deputy Governor of the State of Minas Gerais. He was also Mayor of Patos de Minas from 1983 to 1988. He graduated in Business Administration and Accounting Sciences from Universidade Federal de UberlandiaUFU.
The company has return on total asset (ROA) of 8.22 % which means that it generated profit of $8.22 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on equity (ROE) of 21.86 % meaning that it generated $21.86 on every $100 dollars invested by stockholders.
The company has accumulated 4.39 B in total debt with debt to equity ratio (D/E) of 0.92 which is about average as compared to similar companies. Companhia Energ has Current Ratio of 0.76 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
Companhia Energética de Minas Gerais CEMIG, through its subsidiaries, is engaged in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Companhia Energ [CIGN] is traded on Mexico Stock Exchange in Mexico. It is located in Avenida Barbacena, Belo Horizonte, MG and employs 7,922 people.
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