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Article: COPASA Announces Net Revenue of R$475 Million and EBITDA of R$141 Million in 3Q07.
- Article from:
- PR Newswire
- Article date:
- November 8, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELO HORIZONTE, Brazil, Nov. 8 /PRNewswire-FirstCall/ -- COPASA - Companhia de Saneamento de Minas Gerais - (Bovespa: CSMG3) announces today its results for 3Q07.
Financial and Operating Highlights of 3Q07:
-- Net operating revenues in 3Q07 totaled R$ 475 million, against
R$ 433 million in 3Q06, and R$ 463 million in 2Q07,
representing increases of 9.8% and 2.5%, respectively.
-- Net income totaled R$ 57 million in 3Q07, versus R$ 118 million in
the same period in 2006, and R$ 123 million in 2Q07.
-- EBITDA in the 3Q07 was R$ 141 million, versus R$ 191 million in
3Q06. Adjusted EBITDA, excluding this extraordinary provision, was
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