BM&FBOVESPA S.A. Announces Earnings for the Third Quarter of 2009
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SAO PAULO, Nov. 11 /PRNewswire-FirstCall/ -- The BM&FBOVESPA's net income reached R$245.8 million with earnings per share of R$0.120, a 4.3% rise over pro forma net income for the same period one year ago. Adjusted net income (as adjusted by items with no impact on cash flow) totaled R$337.3 million, with adjusted EPS of R$0.165.
3Q09 net revenues of R$383.0 million decreased 6.5% from the same quarter one year ago. In a comparison of the nine months to September 2009, net revenues dropped 13.8% to R$1,077.8 million.
3Q09 operating expenses reached R$132.5 million, a 4.0% decline from one year ago. As adjusted by items with no impact on cash flow, such as depreciation and the employee stock options plan, operating expenses for the quarter amounted to R$109.0 million, a 16.2% decrease from adjusted expenses for the same period one year earlier, and in line with the R$450.0 million target for 2009.
EBITDA totaled R$262.0 million for the third quarter, down 6.3% from 3Q08, and R$698.7 million for the nine months to September 2009, a year-on-year drop of 18.2%. The EBITDA margin remained stable from 3Q08 (68.3%) to 3Q09 (68.4%).
The board of directors approved distribution of R$150 million as dividends.
To access BM&FBOVESPA's 3Q09 earnings release, go to http://ri.bmfbovespa.com.br/site/portal_investidores/en/home/home.aspx
About BM&FBOVESPA
BM&FBOVESPA (BVMF3) was created in 2008 with the integration of the Brazilian Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa). Together, the companies have created one of the largest listed exchange groups in the world; the second-largest in the Americas, and the leading exchange in Latin America. The Exchange features a vertically- integrated business model, with trading, registration, netting, settlement, risk management, market data, and central securities depository services. BM&FBOVESPA's state-of-the-art technological resources provide investors with an efficient and secure trading and post-trading environment. Among its broad range of trading products, the Brazilian Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, as well as foreign exchange futures and spot contracts, and acts as a central counterparty for all of its market segments through its four clearinghouses -- equity, derivatives, foreign exchange, and securities.
BM&FBOVESPA S.A.
Communications Department
Press Office
Phones: 55-11-2565-7271/ 7943 / 7313
e-mail: imprensa@bmfbovespa.com.br
http://www.bmfbovespa.com.br/imprensa
SOURCE Brazilian Securities, Commodities and Futures Exchange - BM&FBOVESPA
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