Copasa Fourth-Quarter Profit Falls 19% to 101.4 Million Reais

Cia. de Saneamento de Minas Gerais, Brazil’s second-biggest water utility by market value, said fourth-quarter net income fell to 101.4 million reais from 124.8 million reais a year earlier.

Net income adjusted was estimated at 117 million reais, according to analysts’ estimates compiled by Bloomberg.

Net revenue from water and sewage services rose 5 percent from a year earlier to 780.4 million reais, the company known as Copasa said in a regulatory filing.