Mixed bag of results from Brazil
- From: Vol 8, Issue 4 (April 2007)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Copasa and Sabesp
After strong gains in 2006, Brazil’s water stocks have made little progress in 2007. The results tell the story.
With Brazil’s economy still on the rebound, the country’s three publicly-traded water utilities have been attracting increasing investor interest. Last month they reported a mixed set of annual results.
The largest of the group, Sabesp, reported a BRL873 million (US$408 million) net profit for 2006, 0.8% more than in 2005, on revenues of BRL5.5 billion ...
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