SAO PAULO, Nov. 12, 2010 /PRNewswire-FirstCall/ -- 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 on the number of customers, announces today its results for the third quarter 2010 (3Q10).
In 3Q10, net operating revenue reached R$ 1.8 billion, 12.7% growth compared to 3Q09. Costs and expenses in the amount of R$ 1.2 billion grew 0.6% versus 3Q09. EBITDA was R$ 617.1 million in 3Q09 and R$ 799.6 million in 3Q10, an increase of 29.6%.
EBIT grew 43.8%, from R$ 455.6 million in 3Q09 to R$ 655.1 million in 3Q10.
In 3Q10, gross operating revenue grew from R$ 1.7 billion in 3Q09 to R$ 2.0 billion in 3Q10, an increase of R$ 227.4 million or 13.0%. The main factors that led to this variation were the 2009 and 2010 tariff adjustment of 4.44% and the increase of 5.6% in billed volume in relation to the same quarter of 2009.
The complete version of the release is available at the Company's website: www.sabesp.com.br
Conference call – November 16, 2010 |
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In Portuguese |
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07:00 am (US EST) |
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Dial-in access: 55 (11) 3301-3000 |
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Conference ID: Sabesp |
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In English |
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09:00 am (US EST) |
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Dial-in access: 1(412) 317-6717 |
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Conference ID: Sabesp |
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Live webcast at: www.sabesp.com.br |
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IR Contacts: |
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Mario Arruda Sampaio:(55 11) 3388-8664 ([email protected]) |
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Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected]) |
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SOURCE SABESP
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