- 3Q10 net revenues of R$ 486.9 million increased 27.1% year-over-year, primarily due to a 70.7% surge in volumes traded in the BM&F segment;
- 3Q10 adjusted net income reached R$ 389.2 million (AdjustedEPS of R$ 0.194), rising 15% year-over-year;
- 3Q10 GAAP net income totaled R$ 293.2 million, with earnings per share of R$ 0.146, climbing 18.8% from the same period one year ago.
- The rights issue carried out by the Brazilian oil and gas giant, Petrobras, grossing proceeds of R$ 120 billion, and the recovery Bovespa trading volumes towards the end of September, which continued in October, with the highest average daily trading value on record, at R$7.77 billion;
- The number of active custody accounts at our Central Securities Depository soared 14% quarter-on-quarter, to 661 thousand from 580 thousand in the quarter ended June 2010;
- As part of our market popularization program, this quarter saw the start of a wide campaign designed to improve financial education and knowledge about the Brazilian capital markets amongst local prospective retail investors;
- Technology developments include completion of the first phase of the project for development and implementation of a multi-asset class trading platform. The project module designed for the trading of derivatives and spot FX contracts, which is now being tested, is set to start in the first quarter of 2011;
- 3Q10 adjusted operating expenses amounted to R$ 145.8 million, up 35.0% from the third quarter in the prior year (R$ 108.1 million). This rise correlates mainly with a higher number of employees and an escalation in IT and marketing activities;
- 3Q10 adjusted EBITDA (adjusted to exclude expenses with the stock option plan) reached R$ 341.9 million, increasing 24.8% from the year before, with adjusted EBITDA margin of 70.2%. 3Q10 EBITDA of R$336.4 million climbed 28.4% year-over-year, whereas the EBITDA margin kept at 69.1%.
- Our board of directors approved the distribution of R$ 235.9 million as dividends, which represents 80% of GAAP net income for the third quarter 2010.
- The Company updated the Adjusted Opex Budget from R$ 520 million to a range from R$ 540 million to R$ 545 million and the Capex Budget from R$ 272 million to a range from R$250million to R$ 272 million, both for 2010.
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