Navigation Links
Tempo Participacoes Announces Increase of 34% in EBITDA and of 25% in Net Revenue for the 1Q08
Date:5/16/2008

SAO PAULO, Brazil, May 16 /PRNewswire-FirstCall/ -- Tempo Participacoes S.A. (Bovespa: TEMP3; Reuters: TEMP3.SA; Bloomberg: TEMP3 BZ), a leading provider of healthcare administration services, dental benefit plans and specialized assistance services, announces today its results for the first quarter of 2008. The operating and financial information contained herein, except where otherwise indicated, is presented in Brazilian Reais and in accordance with Brazilian Stock Exchange Commission.

Highlights

ACQUISITION - Tempo announces today the acquisition of Fleming, a dental plan company with over 35 thousand beneficiaries.

JOINT-VENTURE - TEMPO announced May 12, 2008, a Joint-Venture agreement with Assist-Card, the largest travel assistance company in the world, to operate travel assistance services for corporate clients and affinity channels in Brazil.

REVENUES - Net revenues increased 25% in the 1st quarter of 2008 in comparison to the same period of 2007 reaching R$ 160,1MM.

ACQUISITION APPROVAL - Tempo announced the acquisition approval of OdontoEmpresa by the Brazilian National Healthcare Agency (ANS) which enables Tempo to consolidate its results from May on.

EBITDA - EBITDA totaled R$ 13.4 million in the first quarter of 2008, 34% up on same period in 2007. EBITDA margin widened by 0.6 p.p. as a result of expenses dilution generated by economies of scale and synergies from acquisitions.

1Q08 Conference Call

English

Date: May 16, 2008

Time: 10:00 a.m. (Brazil)

9:00 a.m. (US ET)

Phone: +1 (973) 935-8893

Code: 46176119

Portuguese

Date: May 16, 2008

Time: 12:00 p.m. (Brazil)

11:00 a.m. (US ET)

Phone: +55 (11) 2188-0188

Code: Tempo


'/>"/>
SOURCE Tempo Participacoes S.A.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. United Animal Nations Offers Financial Assistance Grants of up to $500 to Help Southern California Fire Victims Obtain Vet Care, Temporary Boarding for Pets
2. UniCare Announces Temporary Pharmacy Guidelines for Customers Affected by the California Wildfires
3. Bayer Temporarily Suspends Global Trasylol(R) Marketing
4. Homeless cells find temporary lodging -- and their demise
5. Cardinal Health Receives DEA Order to Temporarily Cease Distribution of Controlled Substances from Auburn, Wash. Facility
6. Aviva Belsky Promoted to Publisher of Contemporary Surgery
7. Some types of temporary neurological problems associated with increased risk for stroke, dementia
8. Temporary Amnesia, Confusion Raise Stroke, Dementia Risk
9. WuXi PharmaTech (NYSE: WX) Names Temporary Chairman of the Audit Committee
10. Tempo Participacoes S.A. Announces Increase of 16.8% in Net Revenue and of 46.3% in EBITDA for 2007
11. Statement by SEIU International President Andy Stern Regarding CNA Temporary Restraining Order
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a ... utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will revolutionize the ... a CBD form that can be easily incorporated into liquid products, while reducing costs ...
(Date:10/13/2017)... ... October 13, 2017 , ... Apple Rehab Shelton Lakes ... a mock evacuation of the facility as part of a disaster drill on October ... Hose EMS and Shelton City Emergency Manager, as well as the Connecticut Long ...
(Date:10/13/2017)... New York, NY (PRWEB) , ... October 13, 2017 , ... ... most influential people in business to advocate for action towards gender equality at their ... 18,000 views from around the globe, and reached a social audience of over 3 ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented ... the lowdown on sciatica in a new episode of "Success Files," which is ... events and innovation and investigates each subject in-depth with passion and integrity. , ...
(Date:10/13/2017)... ... ... “America On The Brink”: the Christian history of the United States and ... of published author, William Nowers. Captain Nowers and his wife, Millie, have six ... years in the Navy. Following his career as a naval aviator and carrier ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... ORLANDO, Fla. , Oct. 2, 2017  AllianceRx ... services company formed by Walgreens and pharmacy benefit manager ... of its new brand, which included the unveiling of ... Fla. , as well as at a few ... introduces the new brand to patients, some of whom ...
(Date:10/2/2017)... Oct. 2, 2017 The Rebound mobile app is ... to reverse the tide of prescription drug addiction. The app ... medicine intake and stepping down their dosage in a safe, ... in December 2017; the first 100,000 people to sign up ... http://www.rebound-solution.com/ ...
(Date:9/28/2017)... WASHINGTON , Sept. 28, 2017 Cohen ... to advance the use of wearable and home sensors ... brain disorders. Early Signal Foundation, a nonprofit organization focused ... populations, will provide an affordable analytical system to record ... ...
Breaking Medicine Technology: