SABESP Announces its 3Q09 Results
November 16 2009 - 5:55PM
PR Newswire (US)
SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ -- Companhia de
Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa:
SBSP3; NYSE: SBS), one of the largest water and sewage service
providers in the world based on the number of customers, announced
today its results for the 3Q09. In 3Q09, net operating revenue
totaled R$ 1.6 billion, a 2.3% increase compared to 3Q08. Costs and
expenses stood at R$ 1.2 billion, 11.1% higher than in 3Q08. EBITDA
dropped 11.5%, from R$ 697.4 million in 3Q08 to R$ 617.1 million in
3Q09. Earnings before financial expenses (EBIT) decreased 30.2%,
from R$ 662.5 million in 3Q08 to R$ 462.6 million in 3Q09. In 3Q09,
gross operating revenue grew R$ 31.9 million, or 1.9%, from R$ 1.72
billion in 3Q08 to R$ 1.75 billion in 3Q09. The main reasons for
this increase were the 0.2% tariff adjustment as of September 2009
and the 0.7% growth in total billed volume. The complete version of
the release is available on the Company's website:
http://www.sabesp.com.br/ Future Events - November 24, 2009:
Conference Call in English 8:00 AM (EST) Dial in access: (1 412)
858-4600 Conference ID: Sabesp Public Meeting (in Portuguese) 12:00
PM (EST) Live webcast at: http://www.sabesp.com.br/ IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 () Angela Beatriz Airoldi:
(55 11) 3388-8793 () DATASOURCE: SABESP CONTACT: Mario Arruda
Sampaio, +011-55-11-3388-8664, , or Angela Beatriz Airoldi,
+011-55-11-3388-8793, , both of SABESP Investor Relations Web site:
http://www.sabesp.com.br/
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