Message to the Shareholders
The Company
Operating Revenue
Operating Income
Net Income
Distribution of Earnings
Performance and Indebtedness Evolution
Operating Data
Transfers of Funds, Loans and Financing
Investments
Corporate Management
Research and Development
Awards
Capital Market and Investors' Relations
Sabesp and the New Market
Relationship with the Independent Auditors
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Management Report
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Operating Income
Operating Income
EBITDA (Earning before Interests, Taxes, Depreciation and Amortization) reached R$ 2.3 billion, increasing its margin from 43.8% in 2004 to 46.1% in 2005.
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