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SABESP FY11 Profit Falls 25%

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.

by RTT Staff Writer

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