BM&FBOVESPA SA announces today the results obtained in the second quarter of 2008.
The adjusted net income reached BRL 476.6 million, 47.1% higher than in the first semester of 2007
Highlights in the period:
- The adjusted net income was BRL246.3 million in 2Q08 (excluding the goodwill amortization expense of BRL81.1 million), which represented a 7.0% growth over the 1Q08 results of BRL230.3 million. Comparing 1H08 with 1H07 the growth was 47.1%, increasing from BRL323.9 million to BRL476.6 million.
- The adjusted net income margin reached 58.6% in 1Q08 and 56.7% in 2Q08. It was 53.8% in 1H07 and 57.6% in 1H08.
- A 37.5% growth in net revenues, which totaled BRL826.9 million for 1H08, 37.5% higher than the BRL601.6 million recorded for 1H07. Comparing 1Q08 with 2Q08, the growth in net revenues was 10.6%, from BRL392.7 million to BRL434.2 million.
- A 61% growth in the EBITDA, going from BRL349.8 million in 1H07 to BRL563.3 million in 1H08, and a 10.2% growth in 1Q08 over 2Q08, going from BRL267.9 million to BRL295.4 million.
- An increase in the EBITDA margin from 58.1% in 1H07 to 68.1% in 1H08. Comparing 1Q08 with 2Q08 the EBITDA margin declined from 68.2% to 68%.
- A 14% growth in the value traded at BOVESPA in 2Q08 in comparison with 1Q08, and of 53.6% in 1H08 in comparison with 1H07. The average daily traded value of the exchange-traded and organized OTC equities markets increased to BRL6.5 billion in 2Q08, up 14.0% from the previous quarter, when it totaled BRL5.9 billion. The traded value increase in 1H07 was 53.6%, going from BRL4 billion to BRL6.2 billion in 1H08.
- The average daily trading volume at BM&F reached 1.77 million of contracts in 2Q08, an increase of 0.6% over 1Q08, when it was 1.76 million.
To view the entire Earnings Release, please click here.
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