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Article: Brazil: Sabesp looks for profits in the 1st quarter.
- Article from:
- South American Business Information
- Article date:
- February 8, 2000
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The Sao Paulo State owned sanitary company Sabesp expects to end the first quarter of 2000 (Jan
March) with profits. The estimated raise of the GDP would contribute for the company improvement. Sabesp has a debt that represents 75% of its net worth, estimated at R$8.032bil by September 1999. This year the company will have to pay short term debts that represent 11% of its net worth and the remaining can be paid until 2019. In the first nine months of 1999 (Jan - September), Sabesp had a loss of R$420.780mil as it was hit by the currency devaluation. From Mayto August 2000 Sabesp shares will be part of the Bovespa Sao Paulo stock market index Ibovespa. The market ...