SÃO PAULO, Aug. 9, 2018
/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 2Q18 results
In 2Q18, the net operating revenue, which considers construction
revenue, totaled R$3,672.2 million, a
growth of 5.1% over the same period of the previous year.
Costs and expenses, which include construction costs, totaled
R$2,617.5 million, a 4.8% decrease
when compared to the same period of 2017.
Adjusted EBIT, in the amount of R$1,055.6
million, increased 41.2% compared to the R$747.4 million presented in 2Q17.
Adjusted EBITDA, in the amount of R$1,382.6 million, increased 29.8% when compared
to the R$1,065.4 million presented in
2Q17 (R$5,632.0 million in the last
12 months).
Adjusted EBITDA margin in 2Q18 was 37.7%, against 30.5% in 2Q17
(37.7% in the last 12 months).
Excluding the effects of revenue and construction costs, the
adjusted EBITDA margin was 45.5% in 2Q18 (38.7% in 2Q17 and 46.5%
in the last 12 months).
In 2Q18 the Company recorded a net income of R$181.9 million, compared to a net income of
R$331.8 million in 2Q17.
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-2q18-results-300695260.html
SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São
Paulo)