SABESP Announces Its 2Q10 Results
SAO PAULO, Aug. 6 Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (NYSE: SBS; BM&FBovespa: SBSP3), one of the largest water and sewage services providers in the world based on the number of customers, announces today its results for the second quarter 2010 (2Q10).
In 2Q10, net operating revenue reached R$ 1.8 billion, 9.0% growth compared to 2Q09. Costs and expenses in the amount of R$ 1.1 billion grew 2.3% versus 2Q09. EBITDA was R$ 666.8 million in 2Q09 and R$ 777.2 million in 2Q10, an increase of 16.6%.
EBIT grew 23.9%, from R$ 505.3 million in 2Q09 to R$ 626.2 million in 2Q10.
In 2Q10, gross operating revenue grew from R$ 1.7 billion in 2Q09 to R$ 1.9 billion in 2Q10, an increase of R$ 160.8 million or 9.2%. The main factors that led to this variation were the tariff adjustment of 4.43% in September 2009 and the increase of 4.0% in billed volume in relation to the same quarter of 2009.
The complete version of the release is available at the Company's website: www.sabesp.com.br
Conference Call in English August 11, 2010 10:30 am (Brasilia) / 09:30 am (U.S. EDT) Dial-in access: 1 (412) 858-4600 Conference ID: Sabesp Replay - available until 08/19/2010 Dial-in access: 1 (412) 317-0088 Replay ID: 442888# APIMEC Meeting August 11, 2010 3:00 pm (Brasilia) / 2:00 pm (U.S. EDT) Live webcast at: www.sabesp.com.br IR Contacts: Mario Arruda Sampaio: (55 11) 3388-8664 (firstname.lastname@example.org) Angela Beatriz Airoldi: (55 11) 3388-8793 (email@example.com)
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