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Amilpar - Operating Revenues Grew 9% in the Second Quarter and 11% in the First Half of 2009
Date:8/11/2009

RIO DE JANEIRO, Aug. 11 /PRNewswire-FirstCall/ -- Amilpar (BOVESPA: AMIL3, Bloomberg: AMIL3 BZ and Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its results for the second quarter of 2009.

Highlights:

  • Total membership stood at 3.14 million at the end of June 2009, 3.7% up on the 2Q08 and approximately 1% higher than the 1Q09.
  • Adjusted Operating Revenues totaled R$ 1,190.4 million in the 2Q09, 9.0% up year-on-year and 5.3% higher than the previous quarter. In the first six months, adjusted operating revenues came to R$ 2,321.3 million, 11.1% increase over last year.
  • Adjusted EBITDA came to R$ 70.3 million in the 2Q09 (6.0% margin) and R$ 189.8 million in the 1H09 (8.2% margin).
  • The Medical Loss Ratio for healthplan membership was 69.3% in the 2Q09, (66.6% in the 2Q08) and 66.6% in the first half (66.2% in the 1H08).
  • The Company posted an adjusted Net Income of R$ 39.8 million in the 2Q09, 49.6% down year-on-year, and R$ 118.6 million in the 1H09, 29.7% less than the same period last year.
  • Net Cash (cash and cash equivalents less financial debt) closed June 2009 at R$ 1,029.3 million.

To access the Earnings Release full version visit our website at www.amilpar.com.br/ir

Next Events: Conference Calls

    English
    August 12, 2009
    11:00 a.m. New York
    (12:00 noon) Brasilia
    Phone: +1 (412) 858-4600
    Code: Amil
    Replay: +1 (412) 317-0088
    Code: 432350#
    Webcast: www.amilpar.com.br/ir

    Portuguese
    August 12, 2009
    2:00 p.m. New York
    (3:00 p.m. Brasilia)
    Phone: +55 (
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SOURCE Amilpar
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