Amilpar - Revenues Grow 8% and Net Income Improves 28% in 3Q09
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RIO DE JANEIRO, Nov. 11 /PRNewswire-FirstCall/ -- Amilpar (Bovespa: AMIL3; Bloomberg: AMIL3 BZ and APAR < GO >; Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its results for the third quarter of 2009.
Highlights:
Total membership stood at 3,216.3 thousand at the end of September 2009, 2.7% up on 3Q08 and approximately 2.5% higher than 2Q09.
Adjusted Operating Revenues totaled R$ 1,237.1 million in 3Q09, 8.4% up year-on-year and 4.0% higher than the previous quarter. In the first nine months, Adjusted Operating Revenues reached R$ 3,558.4 million, 10.2% more than the same period last year.
Adjusted EBITDA came to R$ 84.8 million in 3Q09 (6.9% margin) and R$ 274.6 million (7.7% margin) in 9M09.
The Medical Loss Ratio for health plan membership was 67.4% in 3Q09 (versus 68.1% in 3Q08) and 66.8% year-to-date (versus 66.9% in 9M08).
The Company posted an Adjusted Net Income of R$ 54.8 million in 3Q09, 27.7% up year-on-year, and R$ 173.4 million in 9M09, 18.0% lower compared to the first nine months of 2008.
To access the full version of the earnings release, visit our website at
http://www.amilpar.com.br/ir
Conference Calls
English
November 12, 2009
9:00 a.m. Eastern Time
(12:00 noon Brazil)
Phone: +1 (412) 858-4600
Code: Amil
Webcast: http://www.amilpar.com.br/ir
Portuguese
November 12, 2009
12:00 noon Eastern Time
(3:00 p.m. Brazil)
Phone: +55 (11) 2188-0188
Code: Amil
Webcast: http://www.amilpar.com.br/ri
IR Contact
Erwin Kleuser
Investor Relations Officer
Phone: +55 (21) 3805-1155
invest@amil.com.br
http://www.amilpar.com.br/ir
About AmilPar
Amil Participacoes S.A. is the largest managed care organization in Brazil, according to the ANS, currently assisting over 3 million beneficiaries in the states of Sao Paulo, Rio de Janeiro, Parana and the Distrito Federal. It is also the managed care organization with the largest accredited network in the country, according to the ANS, including over (i) 2,900 hospitals; (ii) 44,200 polyclinics and outpatient facilities; and (iii) 7,100 laboratories and diagnostic imaging centers.
SOURCE AmilPar
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