Copasa Second-Quarter Net Income Falls 29% to 76.2 Million ReaisHelder Marinho
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.