In 1Q07, gross operating revenue increased by R$ 126.5 million, or 8.7%, from R$ 1,456.7 million in 1Q06 to R$ 1,583.2 million in 1Q07. The main reasons for this increase were the 3.2% increase in billed water and sewage volume, of which 0.8% refers to sewage treatment in the municipalities of Mogi das Cruzes, Santo Andre, Sao Caetano and Maua, where the Company sells water to the wholesale category; and the 6.71% tariff readjustment as of August 2006.
Net operating revenue totaled R$ 1,464.6 million, an 8.9% increase in comparison to 1Q06. Costs and expenses, in the amount of R$ 897.3 million were 12.8% higher than in 1Q06. EBITDA grew from R$ 695.4 million in 1Q06 to R$ 721.4 million in 1Q07, corresponding to a 3.7% growth.
EBIT recorded a 3.4% growth, from R$ 548.7 million in 1Q06 to R$ 567.3 million in 1Q07. Net income reached R$ 292.9 million, down by 10.7% when compared to the R$ 327.9 million recorded in 1Q06.
The complete version of the release is available at the Company's website: http://www.sabesp.com.br
Conference call and webcast:
English: May 17, 2007
12:00 NOON (EST) / 1:00 PM (Brasilia time)
Dial in: +1 973 935-8893
Conference ID: 8789301
Portuguese: May 17, 2007
9:00 AM (EST) / 10:00 AM (Brasilia time)
Dial in: 55 11 4688-6301
Conference ID: Sabesp
Webcast: http://www.sabesp.com.br
