SAO PAULO, Aug. 14, 2017 /PRNewswire/ -- Companhia
de Saneamento Básico do Estado de São Paulo - SABESP (B3:
SBSP3; NYSE: SBS), one of the largest water and sewage services
providers in the world based on the number of costumers, announces
today its 2Q17 results.
In 2QT17, net operating revenue, including construction revenue,
reached R$ 3,494.6 million; a 1.6% increase compared
to the same period in 2016.
Costs and expenses, including construction costs, totaled
R$ 2,748.8 million, 5.1% higher than
in 2Q16.
Adjusted EBIT, in the amount of R$ 747.4
million, decreased 9.2% from R$ 822.9
million recorded in 2Q16.
Adjusted EBITDA, in the amount of R$
1,065.4 million, decreased 4.6% from R$ 1,117.1 million recorded in 2Q16.
(R$ 4,965.5 million in the last
twelve months).
The adjusted EBITDA margin was 30.5% in 2Q17 against 32.5% in
2Q16 (33.8% in the last twelve months). Excluding construction
revenues and construction costs, the adjusted EBITDA margin was
38.7% in 2Q17 (43.1% in 2Q16 and 44.5% in the last twelve
months).
In 2Q17 the Company recorded a net income of R$ 331.8 million, in comparison to a net income
of R$ 797.5 million in 2Q16.
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)
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content:http://www.prnewswire.com/news-releases/sabesp-announces-2q17-results-300504312.html
SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São
Paulo)