RIO DE JANEIRO, Brazil, May 10 /PRNewswire-FirstCall/ -- One of Brazil’s leading pharmaceutical distributors, Profarma Distribuidora de Produtos Farmaceuticos S.A., has just announced its healthy results for the 1st quarter of 2007.
VIDEO-CONFERENCES In Portuguese Friday, May 11, 2007 10:00 a.m. (Brazil) 09:00 a.m. (NY City) Phone: +55 (11) 2101-4848 Replay: +55 (11) 2101-4848 Code: PROFARMA In English Friday, May 11, 2007 12:00 a.m. (Brazil) 11:00 a.m. (NY City) Phone: +1 973-935-8893 Replay: +1 973-341-3080 Code: 8750372 HIGHLIGHTS FOR THE PERIOD -- Profarma has inaugurated one more Northeast Distribution Center, this time in Ceara, which also serves the neighboring states of Maranhao and Piaui, reaching a total market of almost one billion Reais (R$ 987.6 million). -- With the inauguration of the new distribution center in Ceara, we now administer 10 distribution centers serving 15 states, reaching 83.5% of the national market. -- The Pernambuco branch, inaugurated January 22 of this year, posted gross revenues of R$ 6.4 million in 1st Qt. 2007 -- Gross Revenues rose to R$ 555.3 million, which represents growth of 26.8% and 5.1% in comparison with 1st Qt. 2006 and 4th Qt. 2006, respectively. -- Net Earnings were R$ 5.1 million in 1st Qt. 2007, which means growth of 324.1% in comparison with 1st Qt. 2006. -- Adjusted EBITDA was R$ 15.0 million, representing growth of 17.8% in relation to the R$ 12.7 million posted in 1st Qt. 2006 and a margin of 3.1% in relation to net revenues. -- Profarma’s market share rose by 1.1 percentage points, moving up from 9.6% in 2006 to 10.7% in 1st Qt. 2007.
Profarma Distribuidora de Produtos Farmaceuticos S.A.
CONTACT: Max Fischer, CFO & IRO, or Ana Paula Ribeiro, IR Coordinator,+55(21) 4009-0276, Fax +55(21) 2491-3906, ri@profarma.com.br
Web site: http://www.profarma.com.br/ri/
