Navigation Links
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.


'/>"/>
SOURCE Amil Participacoes S.A.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Amilpar Revenues Increase by 32% and EBITDA Doubles in 2007
2. Amilpar Revenues Grow 28% in the First 9 Months of 2008 and 4.5% Over Previous Quarter
3. Amilpar - Notice to Shareholders - Distribution of Interest on Capital Stock
4. Memry Corporation FY 2007 Revenues $51.7M; Net Income $317,000 or $0.01 Per Share
5. Biotel Announces Record Revenues and Strong Earnings for the Fourth Quarter and Year Ended June 30, 2007
6. Precision Optics Corporation Announces Fourth Quarter and Year End Results With Highest Revenues in Six Years
7. Immucor Announces Record Fiscal First Quarter Revenues
8. Volcano Corporation Reports Preliminary Third Quarter 2007 Revenues
9. Nyer Medical Group, Inc. Reports EPS of $.02 on Record Revenues of $69.9 Million for Fiscal Year Ended 2007
10. Aspreva Announces Preliminary Revenues for Third Quarter 2007
11. Nexia Closes Acquisition of Green Endeavors; Landis Salons On Track to Generate Revenues of $2.2 Million in 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... PawPaws ... a new product that was developed to enhance the health of felines. The formula ... , The two main herbs in the PawPaws Cat Kidney Support Supplement ...
(Date:6/25/2016)... ... , ... The temporary closing of Bruton Memorial Library on June 21 due to a possible ... often overlooked aspect of head lice: the parasite’s ability to live away from a human ... but a necessary one in the event that lice have simply gotten out of control. ...
(Date:6/25/2016)... ... ... On Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health ... of their exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards ... at the BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was out ... family verbally and physically. , “When something upset him, he couldn’t control his emotions,” remembers ... would throw rocks at my other children and say he was going to kill them. ...
(Date:6/24/2016)... ... , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business ... to $12 an hour by 2020 and then adjusting it yearly to increase at the ... minimum wage, assure the wage floor does not erode again, and make future increases more ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016  Consumers have taken a more ... placed more emphasis on patient outcomes. ... in the pharmaceutical industry have evolved beyond just ... companies are focusing on becoming more patient-oriented across ... and services that improve health. ...
(Date:6/24/2016)... 24, 2016   Bay Area Lyme Foundation ... Dean Center for Tick Borne Illness , Harvard ... MIT Hacking Medicine, University of California, Berkeley, and ... the five finalists of Lyme Innovation , ... than 100 scientists, clinicians, researchers, entrepreneurs, and investors ...
(Date:6/24/2016)... The Academy of Managed Care Pharmacy (AMCP) ... would allow biopharmaceutical companies to more easily share health ... and coverage decisions, a move that addresses the growing ... The recommendations address restrictions in the sharing of ... label, a prohibition that hinders decision makers from accessing ...
Breaking Medicine Technology: