Companhia de Saneamento Basico do Estado de Sao Paulo (SBS), or SABESP, said Friday that its full year 2011 net income fell 25% from the previous year to R$ 1.2 billion, mainly due to the currency exchange variation over foreign loans and financing.
Net operating revenue for the full year 2011 rose 7.6% to R$ 9.9 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.