SAO PAULO, Brazil, Aug. 6 /PRNewswire-FirstCall/ -- Ultrapar Participacoes
S.A. (BOVESPA: UGPA4 / NYSE: UGP), a company engaged in the distribution of
fuels (Ultragaz/Ipiranga), the production of chemicals (Oxiteno), as well as
integrated solutions for special bulk cargo (Ultracargo), hereby reports its
results for the second quarter of 2008.
In this 2Q08 we were assigned investment grade rating by Moody's. We also
took additional steps towards growing our businesses, with the
announcement of the acquisition of Uniao Terminais and the operational
start-up of the oleochemical unit of Oxiteno, located in Camacari. We also
reported an improvement in results in the quarter, with higher volumes,
EBITDA and net earnings allowing a significant dividends distribution.
-- ULTRAPAR's REVENUES GROW IN ALL BUSINESS UNITS IN 2Q08 COMPARED TO 2Q07
-- ULTRAPAR'S EBITDA AMOUNTED TO R$ 248 MILLION IN 2Q08, UP 10% AND 11% ON
2Q07 AND 1Q08, RESPECTIVELY
-- NET EARNINGS AMOUNTED TO R$ 104 MILLION IN 2Q08, ALMOST THREE TIMES
HIGHER THAN 2Q07 AND UP 15% ON 1Q08
-- DISTRIBUTION OF R$ 119 MILLION IN DIVIDENDS CORRESPONDING TO 61% OF
ULTRAPAR'S 1S08 CONSOLIDATED NET EARNINGS
"In this second quarter, we have made progress in implementing our growth
plan, with the completion of the construction of the oleochemical unit at
Oxiteno and the acquisition of the Uniao Terminais by Ultracargo. Through
the acquisition of Uniao Terminais, we aim to capture the strong demand
for logistic infrastructure in Brazil related to biofuels, agribusiness
and chemical products, consolidating Ultracargo's leading position in the
bulk liquids segment in South America. In July, we began operations at our
oleochemical unit, strengthening Ultrapar's growth strategy through
increased scale and differentiated technology. In addition, Ultrapar
obtained investment grade rating by Moody's, reinforcing Ultrapar's
position as a company with strong cash generation and sound financial
management."
Pedro Wongtschowski - CEO
Results Conference Call
National Conference Call
Date: August 08, 2008
11.00 am (local time)
Telephone for connection: 55 11 2188-0188
Code: Ultrapar
International Conference Call
Date: August 08, 2008
12.30 midday (local time)
Participants in Brazil: 0-800-773-4613
Participants in US: 1-800-860-2442
International: Participants 1 (412) 858-4600
Code: Ultrapar
SOURCE Ultrapar Participacoes S.A.
Roberta de Carvalho Moreira, +55-11-31776839, for Ultrapar Participacoes S.A.
