For the first quarter of 2004, net income rose to $1,100 million, up from $1,006 million for the same period last year, a 9.3% increase. A significant reduction in the volume of short-term electricity sales outside Québec was more than offset by a nearly $380-million decrease in financial expenses.

Download the complete document of
Quarterly Report - First Quarter 2004 [PDF—449 Kb]