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SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, announced today its results for the 3Q09.
In 3Q09, net operating revenue totaled R$ 1.6 billion, a 2.3% increase compared to 3Q08. Costs and expenses stood at R$ 1.2 billion, 11.1% higher than in 3Q08. EBITDA dropped 11.5%, from R$ 697.4 million in 3Q08 to R$ 617.1 million in 3Q09.
Earnings before financial expenses (EBIT) decreased 30.2%, from R$ 662.5 million in 3Q08 to R$ 462.6 million in 3Q09.
In 3Q09, gross operating revenue grew R$ 31.9 million, or 1.9%, from R$ 1.72 billion in 3Q08 to R$ 1.75 billion in 3Q09. The main reasons for this increase were the 0.2% tariff adjustment as of September 2009 and the 0.7% growth in total billed volume.
The complete version of the release is available on the Company's website: http://www.sabesp.com.br/
Future Events - November 24, 2009:
Conference Call in English
8:00 AM (EST)
Dial in access: (1 412) 858-4600
Conference ID: Sabesp
Public Meeting (in Portuguese)
12:00 PM (EST)
Live webcast at: http://www.sabesp.com.br/
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 ()
Angela Beatriz Airoldi: (55 11) 3388-8793 ()
DATASOURCE: SABESP
CONTACT: Mario Arruda Sampaio, +011-55-11-3388-8664,
, or Angela Beatriz Airoldi, +011-55-11-3388-8793,
, both of SABESP Investor Relations
Web site: http://www.sabesp.com.br/