Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) 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.
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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.