SAO PAULO, Aug. 14, 2014 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one
of the largest water and sewage services providers in the world
based in the number of customers, announces today its results for
the 2Q14.
In 2Q14, net operating revenue reached R$
2.8 billion; a 1.5% decrease compared to the same period of
2013.
Costs and expenses, including construction costs, totaled
R$ 2.3 billion, up 11.2% on the
R$ 2.1 billion recorded in 2Q13.
EBIT, in the amount of R$ 439.1
million, dropped 38.6% from R$ 714.7
million in 2Q13.
Adjusted EBITDA, in the amount of R$
661.7 million, dropped 27.4% from R$
911.4 million in 2Q13 (R$ 1,677.6
million in the last 6 months and R$
3,851.3 million in the last 12 months).
The adjusted EBITDA margin was 24.0% in 2Q14, versus the 32.6%
in 2Q13 (30.2% in the last 6 months and 33.7% in the last 12
months). Excluding construction revenues and construction costs,
the adjusted EBITDA margin was 31.2% in 2Q14 (42.0% in 2Q13, 38.1%
in the last 6 months and 42.6% in the last 12 months).
Net income totaled R$ 302.4
million, 16.4% lower than the R$
361.7 million recorded in 2Q13.
The complete version of the release is available at the
Company's website: www.sabesp.com.br
IR Contacts:
Mario Arruda
Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP