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BELO HORIZONTE, Brazil (AP) — BELO HORIZONTE, Brazil (AP) — Companhia Energetica de Minas Gerais S.A. (CIG) on Tuesday reported net income of $323.9 million in its second quarter.

The Belo Horizonte, Brazil-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring gains, were 7 cents per share.

The utility posted revenue of $1.81 billion in the period.

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