SABESP's Net Income Grows 29.1% in 2Q09
August 07 2009 - 7:06PM
PR Newswire (US)
SAO PAULO, Aug. 7 /PRNewswire-FirstCall/ -- Companhia de Saneamento
Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: 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 the 2Q09. In 2Q09, net operating revenue totaled R$ 1.6
billion, a 7.3% increase compared to 2Q08. Costs and expenses,
stood at R$ 1.1 billion, 8.3% higher than in 2Q08. EBITDA grew
4.8%, from R$ 636.0 million in 2Q08 to R$ 666.8 million in 2Q09.
Earnings before financial expenses (EBIT) increased 5.0%, from R$
481.1 million in 2Q08 to R$ 505.3 million in 2Q09. In 2Q09, gross
operating revenue grew R$ 116.3 million, or 7.1%, from R$ 1.6
billion in 2Q08 to R$ 1.7 billion in 2Q09. The complete version of
the release is available at the Company's website:
http://www.sabesp.com.br/ Conference Calls - August 13, 2009
English: 3:00 PM (EDT) Dial in access: (1 412) 858-4600 Conference
ID: Sabesp Portuguese: 1:00 PM (EDT) Dial in access: (55 11)
2188-0188 Conference ID: Sabesp Live webcast available on
http://www.sabesp.com.br/ DATASOURCE: SABESP CONTACT: CONTACT: IR
Contacts, Mario Arruda Sampaio, 55-11-3388-8664, or Angela Beatriz
Airoldi, 55-11-3388-8793, , both of SABESP Web Site:
http://www.sabesp.com.br/
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