Companhia de Saneamento Basico do Estado de Sao Paulo (SBS: Quote) reported net income for the first quarter of R$491.9 million or R$2.16 per share, compared to R$182.8 million or $0.80 per share for the year-ago quarter.
Net operating revenue for the first quarter rose 12.3% to R$ 2.6 billion from R$2.3 billion in the same quarter last year.
Costs and expenses, including construction costs, for the quarter grew 0.4% to R$ 1.9 billion.
EBIT for the first quarter surged 64.6% to R$ 701.7 million from R$ 426.2 million a year ago, while EBITDA increased 35.7% to R$ 888.2 million from R$ 654.3 million last year.
Click here to receive FREE breaking news email alerts for Companhia de Saneamento Basico do Estado de Sao Paulo and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com