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Amilpar - Revenues Increase by 26.5% and Adjusted Net Income Climbs 28.7% in 2008
Date:3/10/2009

RIO DE JANEIRO, March 11 /PRNewswire-FirstCall/ -- Amilpar (BOVESPA: AMIL3, Bloomberg: AMIL3 BZ e Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its consolidated results for the periods ended on December 31, 2008.

Highlights:

Total membership stood at 3.2 million at the end of December, 18.4% up on the same period last year and 1.7% higher than the previous quarter.

Adjusted Operating Revenues totaled R$ 1,155.1 million in the 4Q08, 21.1% more than in the 4Q07. Annual adjusted operating revenues came to R$ 4,385.2 million, 26.5% higher than in 2007.

Adjusted EBITDA totaled R$ 105.3 million in the 4Q08, 47.5% up on the previous quarter, accompanied by an EBITDA margin of 9.1%, a 2.8 p.p. improvement. In the 12M08, adjusted EBITDA came to R$ 404.4 million (with a margin of 9.2%), versus R$ 382.8 million in 2007 and R$ 114.5 million in the 4Q07.

The Medical Loss Ratio for healthplan membership stood at 69.0% in the 4Q08, versus 67.6% in the 4Q07. The Loss Ratio was 67.8% in the 12M08, versus 68.1% in 2007.

The Company posted an adjusted Net Income of R$ 89.6 million in the 4Q08, a hefty 108.9% up on the R$ 42.9 million reported in the previous quarter and a 35.8% year-on-year improvement. In 2008 as a whole, adjusted net income stood at R$ 301.1 million, 28.7% higher than the previous year.

Net Cash (cash and cash equivalents less financial debt) closed the year at R$ 1,078.2 million.

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


    Upcoming Events: Conference Calls
    English
    March 11, 2009
    11:00 a.m. New York
    (12:00 noon) Brasilia
    Phone: +1 (973) 935-2966
    Code: 87995397
    Replay: +1 (706) 645-9291
    Code: 87995397
    Webcast: www.amilpar.com.br/ir

    Portuguese
    March 11, 2009
    2:00 p.m. New York
    (3:00 p.m. Brasilia)
    Phone:+55 (11) 2188-0188
    Code: Amil
    Replay:+55 (11) 2188-0188
    Code: Amil
    Webcast: www.amilpar.com.br/ri

About Amilpar

Amil Participacoes S.A. (Bovespa: AMIL3) is the largest MCO (managed care organization) in Brazil, serving more than 3.2 million members in the States of Sao Paulo, Rio de Janeiro, Parana and Distrito Federal.


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SOURCE Amil Participacoes S.A.
Copyright©2009 PR Newswire.
All rights reserved

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