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).
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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%.
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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 ([email protected]) Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])
SOURCE SABESP
