Companhia de Saneamento de Minas Gerais Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 07:04 pm EDT
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Companhia de Saneamento de Minas Gerais reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 1,877.58 million compared to BRL 1,621.76 million a year ago. Revenue was BRL 1,877.58 million compared to BRL 1,621.76 million a year ago. Net income was BRL 437.11 million compared to BRL 227.17 million a year ago. Basic earnings per share from continuing operations was BRL 1.15 compared to BRL 0.6 a year ago. Diluted earnings per share from continuing operations was BRL 1.15 compared to BRL 0.6 a year ago.
For the nine months, sales was BRL 5,409.01 million compared to BRL 4,588.68 million a year ago. Revenue was BRL 5,409.01 million compared to BRL 4,588.68 million a year ago. Net income was BRL 1,024.1 million compared to BRL 575.08 million a year ago. Basic earnings per share from continuing operations was BRL 2.7 compared to BRL 1.52 a year ago. Diluted earnings per share from continuing operations was BRL 2.7 compared to BRL 1.52 a year ago.
Companhia de Saneamento de Minas Gerais Copasa MG, formerly Companhia Mineira de Agua e Esgoto - Comag, is a Brazil-based company engaged in the water supply and sanitation services. The Company's activities are divided into three business segments: Water services, Sewage services and Sale of products. The Water services division focuses on managing water supply system and distributing water through mains in the state of Minas Gerais, Brazil. The Sewage services division is responsible for the collection, treatment and disposal of waste water. The Sale of products division includes producing, bottling, distributing and selling mineral water. In addition, the Company renders construction, improvement and repair services in the water utilities infrastructure. It operates through a number of subsidiaries, such as Copasa Servicos de Saneamento Integrado do Norte e Nordeste de Minas Gerais SA, Copasa Servicos de Irrigacao SA and Copasa Aguas Minerais de Minas SA.
COMPANHIA DE SANEAMENTO DE MINAS GERAIS 
