SABESP Announces 3Q17 Results

Date : 11/14/2017 @ 7:20PM
Source : PR Newswire (US)
Stock : Companhia de Saneamento Basico DO Estado de Sao Paulo - Sabesp American Depositary Shares (Each Repstg 250 ) (SBS)
Quote : 9.63  0.17 (1.80%) @ 12:16PM

SABESP Announces 3Q17 Results

Sabesp (NYSE:SBS)
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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)

 

 

View original content:http://www.prnewswire.com/news-releases/sabesp-announces-3q17-results-300556138.html

SOURCE SABESP

Copyright 2017 PR Newswire

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