RIO DE JANEIRO, Brazil, May 12 /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 first quarter of 2009.
At the end of March, total membership stood at 3.11 million, 9.7% up on the 1Q08 and 2.3% down on the 3.18 million recorded in the 4Q08.
Adjusted Operating Revenues totaled R$ 1,131 million in the 1Q09, 13.4% up year-on-year and 2.1% down on the previous quarter.
Adjusted EBITDA came to R$ 119.5 million in the 1Q09, 14.4% and 1.6 p.p. up, respectively, on the 4Q08, representing an EBITDA margin of 10.6%.
The Medical Loss Ratio for healthplan membership stood at 63.4% in the 1Q09, versus 69.0% in the 4Q08 and 65.7% in the 1Q08.
The Company posted an adjusted Net Income of R$ 78.8 million, 12.1% down on the R$ 89.6 million reported in the 1Q08.
Net Cash (cash and cash equivalents less financial debt) closed March 2009 at R$ 1,099.8 million, R$ 22 million more than at the end of 2008.
To access the Earnings Release full version visit our website at www.amilpar.com.br/ir
Upcoming Events: Conference Calls
English May 13, 2009 11:00 a.m. New York (12:00 noon) Brasilia Phone: +1 (973) 935-2966 Code: 97090549 Replay: +1 (706) 645-9291 Code: 97090549 Webcast: www.amilpar.com.br/ir Portuguese May 13, 2009 2:00 p.m. New York (3:00 p.m. Brasilia) Phone: +55 (11) 2188-0188 Code: Amil Repaly:+55 (11) 2188-0188 Code: Amil Webcast: www.amilpar.com.br/ri
Amil Participacoes S.A. is the largest managed care organization in Brazil, according to the ANS, currently assisting over 3.1 million beneficiaries in the states of Sao Paulo, Rio de Janeiro, Parana and the Distrito Federal.
|SOURCE Amil Participacoes S.A.|
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