Sabesp leads Brazilian charge in 2007
- From: Vol 9, Issue 4 (April 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Copasa, Sabesp and Sanepar
A 36% jump in net profits last year pushed Sabesp way ahead of the competition in the Brazilian water sector. It has more profit-boosting tricks up its sleeve.
The three listed Brazilian water majors announced their 2007 results at the end of March. Sabesp topped the bill, registering a net profit of over BRL1 billion (US$564 million), and although its smaller rivals both saw their bottom line hit, all managed to boost their EBITDA versus 2006.
Sabesp’s improved performance was partially due to a tariff rise ...
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