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.

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