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1Q12

1Q12 Highlights

  • Net Revenue grew 21.7% compared to 1Q11, reaching R$231 million.
  • Traffic volume increased 7.6%, totaling 21.3 million equivalent vehicles.
  • Handled container volume at Portonave reached 139,719 TEUs, 12.5% higher than 1Q11.
  • Assured Energy Sold was 148,143 MWh, a 7.4% increase over 1Q11.
  • From March 2012, Cabotage has been operating with a fleet of four ships, offering full service with weekly stopovers at the terminals where it operates.
  • Adjusted EBITDA was R$110 million in 1Q12, 22.2% above the prior year, a margin of 54.4%, totaling R$ 372 million LTM.
  • Net Income in 1Q12 was R$15.0 million. The Dividend Calculation Base was R$31.9 million for the quarter, an increase of 28.8% over the prior year, representing a dividend payout of R$ 0.055 per share.
  • In February 2012, the Company, in partnership with UTC Participações S.A and Egis Airport Operation, won the auction for the expansion, maintenance and operation of the Campinas International Airport. The result was ratified by the National Civil Aviation Agency (ANAC) in April.
  • In March 2012, the Company's Board of Directors approved the first issuance of Promissory Notes amounting to R$300 million with a maturity of 180 days. The use of proceeds is to pre pay the outstanding balance of the 2nd debentures of the Company, and for investments in the Company and its subsidiaries.