SAO PAULO, Nov. 14 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (Bovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, announces today its results for the third quarter 2007 (3Q07). In the 3Q07 net operating revenue totaled R$ 1.5 billion, a 7.3% growth compared to the same period last year. Costs and expenses, in the amount of R$ 914.8 million, were 0.1% lower than in the 3Q06. Earnings before financial expenses (EBIT) climbed by 21.5%, from R$ 474.9 million in the 3Q06 to R$ 577.0 million in the 3Q07. EBITDA moved up by 17.0%, from R$ 626.4 million in the 3Q06 to R$ 732.8 million in the 3Q07. The EBITDA margin went up from 45.0% to 49.1%. Net income reached R$ 382.2 million, up by 95.5% compared to the R$ 195.5 million recorded in the 3Q06. Gross operating revenue totaled R$ 1.6 billion, up by R$ 106.1 million, or 7.0%, over the 3Q06. The main reasons for this increase were: (i) the 2.6% increase in billed water and sewage volume, being 1.4% in the retail category and 15.2% in the wholesale; (ii) the 5.0% impact in the 3Q06 regarding the 6.7% tariff readjustment as of August 2006; and (iii) the 0.2% impact regarding the 4.1% tariff readjustment as of September 2007. The complete version of the release is available at the Company's website: http://www.sabesp.com.br/ Conference Call: English: November 21, 2007 1:00 PM (US EST) Dial in: 1 973 935-8893 Conference ID: 9302812 Portuguese: November 21, 2007 11:00 AM (US EST) Dial in access: 55 11 2101-4848 Conference ID: Sabesp Live webcast available on http://www.sabesp.com.br/ DATASOURCE: Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP CONTACT: Investor Relations, Mario Arruda Sampaio, +55-11-3388-8664, , or Angela Beatriz Airoldi, +55-11-3388-8793, , both of SABESP Web site: http://www.sabesp.com.br/

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