Copasa Profit Drops 14% as Higher Costs Outweigh Tariff Gains in Brazil

Brazil · Business Key Facts —Net income. Copasa reported first-quarter net profit of R$368 million ($68 million), a 14.1% decline from the same period last year. —Revenue miss. Net revenue rose only 2.5% to approximately R$1.9 billion, falling nearly 7% short of market expectations despite a 6.56% tariff adjustment. —Cost pressures. Operating costs and expenses…