SABESP's Net Operating Revenue Grows 6.8% in 3Q08
November 19 2008 - 7:27AM
PR Newswire (US)
SAO PAULO, Brazil, Nov. 19 /PRNewswire-FirstCall/ -- Companhia de
Saneamento Basico do Estado de Sao Paulo - SABESP (Bovespa: SBSP3;
NYSE: SBS), one of the largest water and sewage service providers
in the world based on the number of customers, announces today its
results for 3Q08. In 3Q08, net operating revenue totaled R$ 1.6
billion, a 6.8% increase compared to 3Q07. Costs and expenses,
stood at R$ 1.1 billion, 15.4% higher than in 3Q07. EBITDA fell by
4.8%, from R$ 732.8 million in 3Q07 to R$ 697.4 million in 3Q08.
Earnings before financial expenses (EBIT) dropped 6.9%, from R$
577.0 million in 3Q07 to R$ 537.1 million in this quarter. In 3Q08,
gross operating revenue grew R$ 105.2 million, or 6.5%, from R$ 1.6
billion in 3Q07 to R$ 1.7 billion in 3Q08. The main reasons for
this increase were the: (i) 3.89% increase in 3Q08 from the 4.1%
tariff adjustment as of September 2007; (ii) 0.2% increase from the
5.1% tariff adjustment as of September 2008; and (iii) 2.5% growth
in billed water and sewage volume, 2.6% of which corresponded to
retail, and 2.2% to wholesale. The complete version of the release
is available at the Company's website: http://www.sabesp.com.br/
Conference Calls - November 19, 2008 English: 1:00 PM - EST Dial in
access: (1 412) 858-4600 Conference ID: Sabesp Portuguese: 11:00 AM
- EST Dial in access: (55 11) 2188-0188 Conference ID: Sabesp Live
webcast available on http://www.sabesp.com.br/ IR Contacts: Mario
Arruda Sampaio - (55 11) 3388-8664 () Angela Beatriz Airoldi - (55
11) 3388-8793 () DATASOURCE: Companhia de Saneamento Basico do
Estado de Sao Paulo CONTACT: Mario Arruda Sampaio, (55 11)
3388-8664, , or Angela Beatriz Airoldi, (55 11) 3388-8793, , both
of Companhia de Saneamento Basico do Estado de Sao Paulo Web site:
http://www.sabesp.com.br/
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