RIO DE JANEIRO, Brazil, Nov. 12 /PRNewswire-FirstCall/ -- Amilpar
(BOVESPA: AMIL3, Bloomberg: AMIL3 BZ and Reuters: AMIL3.SA), the largest
managed care organization in Brazil, announced today its consolidated
results for the third quarter of 2008.
3rd Quarter 2008 Highlights
-- Total membership stood at 3.1 million at the end of September, up 18.2%
on the same period last year and 3.6% higher than the previous quarter.
-- Adjusted Operating Revenues totaled R$ 1,141.2 million in 3Q08,
22.9% more than in 3Q07 and 4.5% higher in relation to the previous
quarter. Nine-month net operating revenues came to R$ 3,230.1 million,
27.9% higher than in 9M07.
-- Adjusted EBITDA came to R$ 71.4 million in 3Q08 (a margin of 6.3%)
and R$ 298.7 million (a margin of 9.2%) in 9M08, compared to
R$ 80.0 million and R$ 269.2 million year-on-year, respectively.
-- The Medical Loss Ratio for membership utilization recorded 68.3% in
3Q08 (against 67.8% in 3Q07) and 67.3% year-to-date (against 68.3%
in 9M07).
-- The Company posted an adjusted Net Income of R$ 42.9 million in 3Q08,
compared to R$ 47.1 million in the same period of last year, and
R$ 211.5 million in 9M08, 31.3% higher than the same period
last year.
-- Net Cash position at the end of 3Q08 totaled R$ 1,129.5 million.
To access the full version of the Earnings Release, visit our website
at http://www.amilpar.com.br/ir
Upcoming Events: Conference Calls
English
November 13, 2008 (Thursday)
09:00 AM (New York)
12:00 Noon (Brasilia)
Phone: +1 (412) 858-4600
Code: Amil
Replay: +1 (412) 317-0088
Code: 424882#
Portuguese
November 13, 2008 (Thursday)
12:00 Noon (New York)
3:00 PM (Brasilia)
Phone: +55 (11) 4688-6301
Code:
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