CCR Announces 1Q11 Results!
CCR Announces 1Q11 Results!
– Net Revenue was R$ 1,043.4 million (+24.6%). Of this total, SPVias contributed R$ 85.9 million.
– EBIT totaled R$ 483.5 million (+11.0%), with an margin of 46.3% (-5.7 p.p.). Excluding the maintenance provision, pro-forma EBIT was R$ 536.8 million (+21,9%), with an margin of 51.5%.
– EBITDA totaled R$ 662.0 million (+24.8%), with an margin of 63.4%.
– Net Income totaled R$ 175.2 million (-1.1%).
– Consolidated traffic grew by 17.2% in 2010. On comparable basis, traffic registered a 9.1% increase.
– The number of AVI (electronic toll system) users rose by 35.4 %, totaling 2,726,000 active tags.
– On April 19, 2011 a supplemental payment of dividends relating to the year of 2010, proposed by the Company’s management, of R$ 0.228309/share, was paid out as of April 29. Taking into consideration the advance payment of dividends made on September 30, 2010 of R$ 1.70/share, the result of our payout was 126.7% for fiscal 2010.
– The Company’s results include the impact of Controlar, ViaQuatro and SPVias projects that have recently been incorporated and/or are currently in the ramp up phase.
