SABESP's Net Operating Revenue Grows 6.8% in 3Q08

SAO PAULO, Brazil, Nov. 19  /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (Bovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, announces today its results for 3Q08.

In 3Q08, net operating revenue totaled R$ 1.6 billion, a 6.8% increase compared to 3Q07. Costs and expenses, stood at R$ 1.1 billion, 15.4% higher than in 3Q07. EBITDA fell by 4.8%, from R$ 732.8 million in 3Q07 to R$ 697.4 million in 3Q08.

Earnings before financial expenses (EBIT) dropped 6.9%, from R$ 577.0 million in 3Q07 to R$ 537.1 million in this quarter.

In 3Q08, gross operating revenue grew R$ 105.2 million, or 6.5%, from R$ 1.6 billion in 3Q07 to R$ 1.7 billion in 3Q08. The main reasons for this increase were the: (i) 3.89% increase in 3Q08 from the 4.1% tariff adjustment as of September 2007; (ii) 0.2% increase from the 5.1% tariff adjustment as of September 2008; and (iii) 2.5% growth in billed water and sewage volume, 2.6% of which corresponded to retail, and 2.2% to wholesale.

The complete version of the release is available at the Company's website: http://www.sabesp.com.br/

  Conference Calls - November 19, 2008

  English:    1:00 PM - EST
              Dial in access: (1 412) 858-4600
              Conference ID: Sabesp

  Portuguese: 11:00 AM - EST
              Dial in access: (55 11) 2188-0188
              Conference ID: Sabesp

  Live webcast available on http://www.sabesp.com.br/

  IR Contacts:
  Mario Arruda Sampaio - (55 11) 3388-8664 ()
  Angela Beatriz Airoldi - (55 11) 3388-8793 ()


DATASOURCE: Companhia de Saneamento Basico do Estado de Sao Paulo



CONTACT:  Mario Arruda Sampaio, (55 11) 3388-8664,

, or Angela Beatriz Airoldi, (55 11) 3388-8793,

, both of Companhia de Saneamento Basico do Estado de

Sao Paulo



Web site: http://www.sabesp.com.br/ 

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