SABESP ANNOUNCES 2021 RESULTS
Sabesp (NYSE: SBS) reported 2021 financial results, showcasing strong performance compared to 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Sabesp (NYSE: SBS) reported 2021 financial results, showcasing strong performance compared to 2020. The company's net operating revenue reached R$ 19,491.0 million, reflecting a 9.5% increase. Additionally, the net income surged to R$ 2,305.9 million, up by 136.9% from R$ 973.3 million in 2020. Adjusted EBITDA stood at R$ 6,372.7 million.
Positive
- Net operating revenue increased by 9.5% to R$ 19,491.0 million.
- Net income surged by 136.9%, reaching R$ 2,305.9 million.
- Adjusted EBITDA was R$ 6,372.7 million.
Negative
- None.
Details
News Market Reaction – SBS
The recorded move for SBS in the trading session of this news was -0.95%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SÃO PAULO, March 25, 2022 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of customers, announces today its fourth quarter and 2020 results.
In 2021, the net operating revenue, which considers construction revenue, totaled R
The Company recorded a net income of R
The complete version of the release is available at the Company's website: ri.sabesp.com.br
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11) 3388-8793 (abairoldi@sabesp.com.br)
Juliana P. S. Jardim: (55 11) 3388-9267 (jpsjardim@sabesp.com.br)
View original content:https://www.prnewswire.com/news-releases/sabesp-announces-2021-results-301510747.html
SOURCE Sabesp
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