logo
Share SHARE
FONT-SIZE Plus   Neg

SABESP Q1 Profit Jumps 169%

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
comments powered by Disqus
Follow RTT