SABESP Announces 2Q13 Results
SAO PAULO, Aug. 13, 2013 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based in the number of customers, announces today its results for the second quarter 2013.
In 2Q13, net operating revenue reached R$ 2.8 billion, a 13.0% growth compared to 2Q12.
Costs and expenses, including construction costs, in the amount of R$ 2.1 billion grew 12.4% over 2Q12.
EBIT grew 15.0%, from R$ 621.4 million in 2Q12 to R$ 714.7 million in 2Q13.
Adjusted EBITDA increased 14.2%, from R$ 798.4 million in 2Q12 to R$ 911.4 million in 2Q13.
The adjusted EBITDA margin was 32.6% in 2Q13 in comparison to 32.3% in the same period of 2012. Excluding construction revenues and construction costs, the adjusted EBITDA margin was 42.0% in 2Q13 (41.4% in 2Q12).
Net income totaled R$ 361.7 million in 2Q13, 23.5% higher than in 2Q12.
The complete version of the release is available at the Company's website: www.sabesp.com.br