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)... ... 13, 2017 , ... “America On The Brink”: the Christian history of the ... is the creation of published author, William Nowers. Captain Nowers and his wife, ... he spent thirty years in the Navy. Following his career as a naval ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has ... today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula ... the highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... delivery system that we intend to develop to enable prevention of a major ... to severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss is ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... On ... holding a treadmill relay – Miles by Moonlight to raise money for the American ... $300 or more. , Teams will work together to keep their treadmills moving ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... in wound care advancements to physician colleagues, skilled nursing facility medical directors and ... the Treacherous Waters of Wound Care." , "At many of these conferences we ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... Oct. 2, 2017  Eli Lilly and Company (NYSE: ... for the third quarter of 2017 on Tuesday, October ... on that day with the investment community and media ... The conference call will begin at 9 a.m. Eastern ... a live webcast of the conference call through a ...
Breaking Medicine Technology: