Sabesp Third-Quarter Profit Rises 31% to 475 Million Reais

Cia. de Saneamento Basico do Estado de Sao Paulo, Brazil’s biggest water utility, posted a 31 percent increase in third-quarter net income to 475 million reais.

Profit compares with 361.8 million reais a year earlier, the Sao Paulo-based company said in a regulatory filing. Sabesp, as the company is known, was expected to post adjusted net income of 490.7 million reais, according to analysts’ estimates compiled by Bloomberg.

To contact the reporter on this story: Giulia Camillo in Sao Paulo at gcamillo@bloomberg.net

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

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