SÃO PAULO, Aug. 12, 2016 /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 in the number of customers, announces its results for the second quarter of 2016.
In 2Q16, net operating revenue, including construction revenue, reached R$ 3.4 billion; a 21.8% increase compared to the same period of 2015.
Costs and expenses, including construction costs, totaled R$ 2.6 billion, 11.3% higher than the R$ 2.4 billion recorded in 2Q15.
Adjusted EBIT, in the amount of R$ 822.9 million, grew 74.2% from R$ 472.5 million recorded in 2Q15.
Adjusted EBITDA, in the amount of R$ 1,117.1 million, increased 47.6% from R$ 756.6 million recorded in 2Q15 (R$ 3,885.1 million in the last 12 months).
The adjusted EBITDA margin was 32.5% in 2Q16, versus 26.8% in 2Q15 (30.1% in the last 12 months). Excluding construction revenues and construction costs, the adjusted EBITDA margin was 43.2% in 2Q16 (38.4% in 2Q15 and 40.0% in the last 12 months).
In 2Q16 the Company recorded a net income of R$ 797.5 million, in comparison to a net income of R$ 337.3 million in 2Q15.
The complete version of the release is available at the Company's website: www.sabesp.com.br
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