Sabesp has high profit of 146% and R bi $1.5

The Companhia de Saneamento Basico do Estado de São Paulo (Sabesp) showed a net profit of RS $1.507 billion in the last quarter of 2018, 146.1% R $612.6 million in same period of the previous year. With that, the State racked up net profits of R $2.835 billion in 2018, representing an increase of 12.5% compared to 2017. Already the Ebitda (earnings before interest, taxes, depreciation and amortization) in the criterion set was R $2.324 billion between October and December of 2018, configuring 66.7% high on annual basis. In the quarter, the adjusted Ebitda margin reached 47.4%, compared to 34.7% a year before. Date of 2018, the adjusted Ebitda of Sabesp totaled $6.540 billion, R 24.1% in 2017, while the margin reached 40.7 percent, up 3.6 percentage points. NET, considering the construction, was R $4.902 billion in the fourth quarter, 22.0% above the same range of 2017. In 2018, the cumulative line totaled $16.085 billion annual R high of 10.1%. The construction decreased by 18.3% in the fourth quarter as compared to the same period in 2017, to $764.3 million. In the year, the fall was 11.1%, to $2.802 billion, which the company attributed to greater investments in building assets in the municipalities operated in 2017, mainly in the St. Lawrence Producer System (PPP). The financial result was positive between October and December 2018, in R $29.6 million, against $403.5 million R observed negative figure a year before. In 2018, the line went negative in R $1.264 billion against $458.1 million negative in 2017 also R. The operating volume billed water and sewage totaled 950.1 million cubic metres (m) in the fourth quarter of 2018, which corresponds to an increase of 0.8% over the same period to 2017. In the water, the indicator reached 534 million of m? (+ 1.1%), while in the sewage volume was of 416.1 million of m? (+ 0.5%). In 2018, the cumulative volume billed water and sewage systems reached 3.749 billion m?, an annual growth of 1.5%. Perspectives in management's report about 2018, the company mentions that one of the focuses for 2019 is obtain licences to start the works of Itapanhaú River basin catchment, structure that will be essential to address future droughts in the region São Paulo metropolitan area, of course, has very low water availability. For the period from 2019 to 2023, Sabesp plans to invest directly some R $18.7 billion, $7.7 billion in water R and R $11.0 billion on sewage collection and treatment. Until 2023, the State aims to carry out new water connections 954,000 and 1.2 million of new sewer connections. With regard to updating the sanitation sector regulatory framework established by provisional measure 868/2018, Sabesp recalls that the conversion of text in law depends on Congressional approval. "Although the MP 868 is in force since your publication currently cannot predict its impacts on the contracts that will be signed during your term. If the measure is converted in law, business, operating results and financial conditions of the company may be impacted, "writes.