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Amilpar - Revenues Grow 8% and Net Income Improves 28% in 3Q09
Date:11/11/2009

RIO DE JANEIRO, Nov. 11 /PRNewswire-FirstCall/ -- Amilpar (Bovespa: AMIL3; Bloomberg: AMIL3 BZ and APAR < GO >; Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its results for the third quarter of 2009.

Highlights:

Total membership stood at 3,216.3 thousand at the end of September 2009, 2.7% up on 3Q08 and approximately 2.5% higher than 2Q09.

Adjusted Operating Revenues totaled R$ 1,237.1 million in 3Q09, 8.4% up year-on-year and 4.0% higher than the previous quarter. In the first nine months, Adjusted Operating Revenues reached R$ 3,558.4 million, 10.2% more than the same period last year.

Adjusted EBITDA came to R$ 84.8 million in 3Q09 (6.9% margin) and R$ 274.6 million (7.7% margin) in 9M09.

The Medical Loss Ratio for health plan membership was 67.4% in 3Q09 (versus 68.1% in 3Q08) and 66.8% year-to-date (versus 66.9% in 9M08).

The Company posted an Adjusted Net Income of R$ 54.8 million in 3Q09, 27.7% up year-on-year, and R$ 173.4 million in 9M09, 18.0% lower compared to the first nine months of 2008.


    To access the full version of the earnings release, visit our website at
${tempString}    Conference Calls
    English
    November 12, 2009
    9:00 a.m. Eastern Time
    (12:00 noon Brazil)
    Phone: +1 (412) 858-4600
    Code: Amil
    Webcast: http://www.amilpar.com.br/ir

    Portuguese
    November 12, 2009
    12:00 noon Eastern Time
    (3:00 p.m. Brazil)
    Phone: +55 (11) 2188-0188
    Code: Amil
    Webcast: http://www.amilpar.com.br/ri

    IR Contact
    Erwin Kleuser
    Investor Relations Officer
    Phone: +55 (21) 3805-1155
    '/>"/>
SOURCE AmilPar
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