SAO PAULO, Aug. 14, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of costumers, announces today its 2Q17 results.
In 2QT17, net operating revenue, including construction revenue, reached R$ 3,494.6 million; a 1.6% increase compared to the same period in 2016.
Costs and expenses, including construction costs, totaled R$ 2,748.8 million, 5.1% higher than in 2Q16.
Adjusted EBIT, in the amount of R$ 747.4 million, decreased 9.2% from R$ 822.9 million recorded in 2Q16.
Adjusted EBITDA, in the amount of R$ 1,065.4 million, decreased 4.6% from R$ 1,117.1 million recorded in 2Q16. (R$ 4,965.5 million in the last twelve months).
The adjusted EBITDA margin was 30.5% in 2Q17 against 32.5% in 2Q16 (33.8% in the last twelve months). Excluding construction revenues and construction costs, the adjusted EBITDA margin was 38.7% in 2Q17 (43.1% in 2Q16 and 44.5% in the last twelve months).
In 2Q17 the Company recorded a net income of R$ 331.8 million, in comparison to a net income of R$ 797.5 million in 2Q16.
The complete version of the release is available at the Company's website: www.sabesp.com.br
Mario Arruda Sampaio: (55 11) 3388-8664 (email@example.com)
Angela Beatriz Airoldi: (55 11) 3388-8793 (firstname.lastname@example.org)
View original content:http://www.prnewswire.com/news-releases/sabesp-announces-2q17-results-300504312.html
SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São Paulo)