COMPANY RESULTS
- From: Vol 3, Issue 12 (December 2002)
- Category: Need to know
- Region: Americas
- Country:
- Related Companies: Connecticut Water and Sabesp
Brazil: São Paulo’s Sabesp announced a third quarter loss of R$663.6 million (c. US$180 million) – a consequence of stable tariffs and Brazil’s slumping currency.
The latter made Sabesp’s repayment of US dollar loans unusually expensive. Sabesp expects the dollar to fall in value against the Brazilian real now the presidential election is over and the company should return to profitability in three to six months. Sabesp is controlled by the state government of São Paulo, which holds 88.42% of its ordinary shares ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
