SÃO PAULO, March 27, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of costumers, announces today its 2016 results.
In 2016, net operating revenue, including construction revenue, reached R$ 14,098.2 million; a 20.4% increase compared to 2015.
Costs and expenses, including construction costs, totaled R$ 10,678.0 million, 21.1% higher than in 2015.
Adjusted EBIT, in the amount of R$ 3,424.9 million, grew 18.1% from R$ 2,900.2 million recorded in 2015.
Adjusted EBITDA, in the amount of R$ 4,571.5 million, increased 15.0% from R$ 3,974.3 million recorded in 2015.
The adjusted EBITDA margin was 32.4% in 2016 against 33.9% in 2015. Excluding construction revenues and construction costs, the adjusted EBITDA margin was 43.3% in 2016 (46.6% in 2015).
In 2016 the Company recorded a net income of R$ 2,947.1 million, in comparison to a net income of R$ 536.3 million in 2015.
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-2016-results-300430151.html
SOURCE Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP