COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S (NY: SBS)
9.340 USD  UNCHANGED
Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
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Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS) Company Overview

Companhia de Saneamento Basico do Estado de S o Paulo, or SABESP (SBS), provides public water and sewage services in the State of S o Paulo, Brazil, which includes the city of S o Paulo, one of the largest cities in the world. The company distributes water to approximately 25 million people (70% of the urban population) and provides sewage services to more than 17 million people in 368 municipalities within the State of S o Paulo. The company has 193 water treatment stations, 423 sewage treatment facilities and 2,014 water reservoirs with a total capacity of 2.6 billion liters of water. The company is the largest water and sewer utility in the Americas and the third largest in the world in number of customers. Water and sewage services accounted for 57% and 43%, respectively, of the company's revenue. Residential, commercial, industrial, and public sector customers account for 84%, 10%, 2%, and 4%, respectively, of the company's revenue. The metropolitan, interior and coastal regions generate 75%, 16%, and 9%, respectively, of the company's total revenue. SABESP's principal shareholder is the S o Paulo government, which owns nearly 72% of the company.

SABESP has been improving its revenues and operating margin since the end of 2004. At the end of 2003 and continuing through most of 2004, the company faced a difficult situation regarding water rationing. Until September 2004, the company offered a 20% bonus to all customers who reduced consumption by at least 20%. Fortunately, this difficult situation belongs to the past due to better-than-expected rains during 2005, 2006 and the beginning of 2007 in the State of Sao Paulo. Currently, the dry season is over in the South of Brazil with the beginning of the summer. By the end of December, the hydrology situation is expected to improve considerably.

(Read more at Wikinvest )

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