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Management Report

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Operating Revenue

In 2005, gross operating revenue reached R$ 5.4 billion, 15.4% higher than the previous year, as a result of the consumption recovery in the retail and wholesale segments, increasing at 4.4% the invoiced volumes of water and sewage, and of the tariff rates adjustment.

Net operating revenue reached R$ 4.9 billion, an increase by 12.7%.

Net operating revenue
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