Costs and expenses, including construction costs, totaled R$ 2.7 billion, 4.9% higher than 3Q15.
Adjusted EBIT, in the amount of R$ 1,057.3 million, grew 67.3% from R$ 631.9 million recorded in 3Q15.
Adjusted EBITDA, in the amount of R$ 1,337.5 million, increased 48.1% from R$ 903.2 million recorded in 3Q15 (R$ 4,319.6 million in the last 12 months).
The adjusted EBITDA margin was 28.3% in 3Q15 and 35.7% in 3Q16 (32.2% in the last 12 months). Excluding construction revenues and construction costs, the adjusted EBITDA margin was 49.6% in 3Q16 (40.4% in 3Q15 and 42.5% in the last 12 months).
In 3Q16 the Company recorded a net income of R$ 573.9 million, in comparison to a loss of R$ 580.1 million in 3Q15.
The complete version of the release is available at the Company's website: www.sabesp.com.br
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabesp-announces-3q16-results-300361091.html
SOURCE Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP