RIO DE JANEIRO, Brazil, Nov. 12 Amilpar(BOVESPA: AMIL3, Bloomberg: AMIL3 BZ and Reuters: AMIL3.SA), the largestmanaged care organization in Brazil, announced today its consolidated resultsfor the third quarter of 2008.
To access the full version of the Earnings Release, visit our website athttp://www.amilpar.com.br/ir
Amil Participacoes S.A. (Bovespa: AMIL3) is the largest MCO (managed careorganization) in Brazil, serving more than 3.1 million members in the statesof Sao Paulo, Rio de Janeiro, Parana and Distrito Federal. The Company is alsothe MCO with the largest accredited provider network in Brazil, with more than2,100 hospitals, 32,000 health care clinics and private practices and 5,900laboratories and diagnostic imaging centers.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.
SOURCE Amil Participacoes S.A.