(Adds details and company comment on results details)

SAO PAULO, Aug 7 (Reuters) - Brazilian power company

Eletrobras on Wednesday reported a 7.6% increase in

its second-quarter net profit from the same period a year

earlier.

The firm posted a net profit of 1.74 billion reais ($308.68

million) in the quarter ended in June.

WHY IT'S IMPORTANT

Eletrobras, which was privatized in 2022, is Brazil's

largest power company.

BY THE NUMBERS

Recurring earnings before interest, taxes, depreciation

and amortization (EBITDA), adjusted by local regulatory rules,

stood at 6 billion reais, up 9.6% year-on-year.

Operational net revenue, also adjusted, increased some

9% to 9.7 billion reais.

KEY QUOTES

Eletrobras said higher revenue was driven by its power

transmission business, while revenue from its power generation

unit was "stable with higher volumes offseting a price

reduction."

It also highlighted advances in energy

commercialization, with 551 customers in Brazil's energy "free

market," in which transactions are made directly between the

parties, from 265 customers a year earlier.

($1 = 5.6369 reais)