Estacio Participacoes S.A. Announces Net Revenue of R$238 Million in 2Q08, up 14% YOY
EBITDA Increases 25%
RIO DE JANEIRO, Brazil, Aug. 14 /PRNewswire-FirstCall/ -- Estacio Participacoes S.A. (Bovespa: ESTC3; Bloomberg: ESTC3.BZ; Reuters: ESTC3.SA) announces its results for the second quarter of 2008 (2Q08), with the following highlights: -- Acquisition of a 20% stake by GP Investments, with execution of a co-management shareholder agreement, conversion of all shares into voting shares, listing on the Bovespa's Novo Mercado Segment -- Election of a New Executive Board and a New Board of Directors, Streamlining of the Corporate Structure and Implementation of a New Business Model -- 192,838 undergraduate students as of June 30, 2008; an increase of 12% over 2Q07; -- 2Q08 Net Revenue growth of 13.7% year over year; -- 2Q08 EBITDA rose by 24.6% year on year, despite the increase in social security payroll charges (INSS); To access the full version of the Earnings Release, visit our website at www.estacioparticipacoes.com/ir .
Upcoming Events: Conference Calls English August 14, 2008 11:00 AM (Brazil) 10:00 AM (US EDT) Phone: +55 (11) 2188-0188 Replay: +55 (11) 2188-0188 Code: Estacio Portuguese August 14, 2008 1:00 PM (Brazil) 12:00 PM (US EDT) Phone: +1(412) 858-4600 Code: Estacio Replay: +1(412) 317-0088 Code: 6090# IR Contact Carlos Lacerda 55 21 2433 9789 email@example.com Fernando Santino 55 21 2433 9790 firstname.lastname@example.org email@example.com www.estacioparticipacoes.com/ir About Estacio Participacoes Estacio Participacoes S.A. (BOVESPA: ESTC3), the largest private undergraduate institution in Brazil in terms of number of enrolled students, has 192,838 undergraduate students enrolled in its programs (06/30/2008), with a net revenue of R$238 million in the second quarter of 2008.
SOURCE Estacio Participacoes S.A.
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