SÃO PAULO, Nov. 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 3Q17 results.
In 3Q17, net operating revenue, including construction revenue,
reached R$ 3,536.5 million; a 5.6%
decrease compared to the same period in 2016.
Costs and expenses, including construction costs, totaled
R$ 2,405.9 million, 10.5% lower than
in 3Q16.
Adjusted EBIT, in the amount of R$
1,131.8 million, increased 7.0% from R$ 1,057.3 million recorded in 3Q16.
Adjusted EBITDA, in the amount of R$
1,456.3 million, increased 8.9% from R$ 1,337.5 million recorded in 3Q16.
(R$ 5,084.3 million in the last
twelve months).
The adjusted EBITDA margin was 41.2% in 3Q17 against 35.7% in
3Q16 (35.1% in the last twelve months).
Excluding construction revenues and construction costs, the
adjusted EBITDA margin was 50.9% in 3Q17 (49.6% in 3Q16 and 44.9%
in the last twelve months).
In 3Q17 the Company recorded a net income of R$ 900.5 million, in comparison to a net income
of R$ 573.9 million in 3Q16.
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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SOURCE SABESP