- 2Q10 net income, as adjusted by items with no impact on cash flow, reached R$424.4 million (Adjusted EPS of R$0.21), a 30.4% climb from the same period one year ago. 2Q10 GAAP net income totaled R$305.7 million, with earnings per share of R$0.15, a 62.5% rise from the same period in the prior year;
- 2Q10 net revenues of R$473.6 million rose 25.2% year on year, driven by 54.2% volume growth at BM&F Segment and 28.2% at BOVESPA Segment;
- As adjusted by expenses with the stock option plan, depreciation and provision for doubtful accounts, 2Q10 adjusted operating expenses amounted to R$124.4 million, up 20.4% from the second quarter one year ago (R$103.3 million);
- GAAP operating expenses in the second quarter amounted to R$145.4 million, up 13.4% year on year and 6.4% quarter on quarter.
- The 2010 budget for adjusted operating expenses has been revised downward by 5.4%, to R$520.3 million from R$550.0 million earlier, whereas the budget for CAPEX dropped 10.0% to R$272.0 million from R$302 million previously;
- As adjusted by expenses with the stock option plan, 2Q10 adjusted EBITDA reached R$348.7 million, up 27.5% from the year before, with adjusted EBITDA margin of 73.6%. 2Q10 EBITDA of R$341.7 million climbed 31.4% year on year, whereas the EBITDA margin rose to 72.1% from 68.7% one year ago.
- The distribution of R$243.6 million: R$45.0 million by way of interest on shareholders’ equity and R$198.6 million as Dividends, which combined represent 80% of GAAP net income for the second quarter 2010; and
- Buyback Program was approved: a maximum of 31 million of common shares shall be repurchased, representing 1.55% of the free float.
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