Sabesp Announces Its 4Q09 and 2009 Results

SAO PAULO, March 26 /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 fourth quarter of 2009 (4Q09) and the full year 2009.

Sabesp registered solid results in 2009, confirming its low exposure to the global crisis that affected the markets in 2008 and 2009. Net income in 2009 was R$ 1.4 billion, a great difference when compared to the R$ 63.6 million achieved in 2008.

This reduction in net income was mainly due to the provision for losses of the disputed amount of the benefits paid by the Company as additional retirement payments and pensions envisaged in Law 4,819/58, in the amount of R$ 409.1 million and the respective actuarial commitment maintained with the beneficiaries, amounting to R$ 535.4 million. Disregarding this adjustment, 2008 net income would be of R$ 1.0 billion. Even considering this amount, 2009 result had a significant growth of 36.2%.

Net revenue was R$ 6.7 billion, 6.0% up year-on-year, and EBITDA was R$ 2.7 billion, 3.5% down from 2008.

The complete version of the release is available at the Company's website: www.sabesp.com.br

Live webcast at: www.sabesp.com.br

IR Contacts:

Mario Arruda Sampaio: (55 11) 3388-8664 ([email protected])

Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])

SOURCE Sabesp

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