Copasa Second-Quarter Net Income Falls 29% to 76.2 Million Reais

Cia. de Saneamento de Minas Gerais, Brazil’s second-biggest water utility by market value, said second-quarter profit fell to 76.2 million reais from 107.1 million reais a year earlier.

Net income adjusted was estimated at 122.6 million reais, according to analysts’ estimates compiled by Bloomberg.

Sales rose 15 percent from a year earlier to 949.8 million reais, the company known as Copasa said in a regulatory filing.

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.