Triunfo Reports Net Revenue Increase of 19.6% and EBITDA of R$73.4 Million in 3Q11
SAO PAULO, Nov. 10, 2011 /PRNewswire/ -- Triunfo Participacoes e Investimentos S.A. (BM&FBovespa: TPIS3; OTC: TPIUY.PK), a company that operates in the highway, port and power generation segments in Brazil, announces its results for the third quarter of 2011.
3Q11 HIGHLIGHTS
- Toll roads traffic volume increased 7.2% in 3Q11 over 3Q10, reaching approximately 18.8 million equivalent vehicles.
- Volume of containers handled in 3Q11 decreased 10.2% from 3Q10. However, revenue from Portonave grew 30.8% to R$41.1 million.
- Electricity output in 3Q11 generated revenue of R$26.1 million.
- Net Revenue increased by 19.6% in 3Q11, over the same period last year, reaching R$196.3 million.
- Adjusted EBITDA totaled R$73.4 million in 3Q11.
- The dividend calculation base reached R$2.5 million, and Triunfo posted a Net Loss of R$(14.8) million.
- On August 22, Rio Verde Energia increased its assured energy by 4MW.
- On October 06, Maestra acquired a fourth ship, which will allow better customer service, with weekly stopovers at the terminals where it operates.
- Maestra issued non-convertible debentures amounting to R$80 million to finance its strategy of operating four vessels.
- On October 03, Triunfo purchased all the shares of Santa Rita and now holds 100% interest, with the purpose of implementing a port project.
- On October 28, Triunfo signed a Memorandum of Understanding with the Japanese shipping company Nippon Yusen Kabushiki Kaisha ("NYK") outlining the key terms and conditions for establishing a joint venture in Maestra.
- On November 05, Maestra Pacifico vessel, belonging to Maestra, began operations in November 2011.
The Earnings Release is available on the website www.triunfo.com/ir
UPCOMING EVENTS: CONFERENCE CALLS – NOVEMBER 11, 2011
Portuguese
Time: 3:00 p.m. (Brasilia) / 12:00 p.m. (US ET)
Connection Number: +55 (11) 3127-4971
Code: TPI – Triunfo
Webcast: www.triunfo.com/ri
Replay: available until 11/18
Number: +55 (11) 3127-4999
Code: 45483540
English
Time: 4:30 p.m. (Brasilia) / 1:30 p.m. (US ET)
Connection Number: +1 (412) 317-6776
Code: TPI – Triunfo
Webcast: www.triunfo.com/ir
Replay: available until 11/21
Number: +1 (412) 317-0088
Code: 10005531
IR CONTACT
Ana Carvalho
IR Officer
Ph: +55 11 2169 3999
[email protected]
www.triunfo.com/ir
SOURCE Triunfo Participacoes e Investimentos S.A.
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