MRV Announces Its 2Q09 Results - Expressive Growth With Exceptional Margins
* Reuters is not responsible for the content in this press release.
BELO HORIZONTE, Brazil, Aug. 17 /PRNewswire-FirstCall/ -- MRV Engenharia e
Participacoes S.A. (Bovespa: MRVE3) announced Friday, August 14, its second
quarter results.
Record in contracted sales: R$851.5 million in 2Q09, a 77.1% growth
compared to 2Q08.
Growth of 41.2% in net operating revenue compared to 2Q08 and 43.0%
compared to 1Q09, reaching a record level of R$389.6 million.
EBITDA of R$97.5 million in the quarter, an increase of 82.2% from 2Q08,
and with a margin of 25.0% (significantly higher than the 19.4% margin of
2Q08).
Completion of the primary shares offering in July 2009 receiving gross
proceeds of around R$595 million. Increase in the free float to 55% and
expansion of the daily trading volume from July 2009 on.
In order to view MRV's disclosure documents and find out how to access the
conference calls, please visit our Investor Relations website:
www.mrv.com.br/ri.
Investor Relations
Phone.: +55 (31) 3348-7150
E-mail: ri@mrv.com.br
Site: www.mrv.com.br/ri
SOURCE MRV Engenharia e Participacoes S.A.
Investor Relations, MRV Engenharia e Participacoes, +011-5531-3348-7150,
ri@mrv.com.br
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters