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Article: Localiza Announces Its 1Q08 Results.
- Article from:
- PR Newswire
- Article date:
- April 15, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELO HORIZONTE, Brazil, April 14 /PRNewswire-FirstCall/ -- Localiza Rent A Car S.A. (Bovespa: RENT3), the largest car rental company in Latin America in terms of number of agencies, with 35 years of existence, reports today its results for the first quarter of 2008 (1Q08). The financial information is presented in Brazilian Real (R$ million), except where otherwise indicated, and is based on financial statements in US GAAP. The comparisons refer to the first quarter of 2007 (1Q07).
1Q08 HIGHLIGHTS
-- Net Revenue grew by 16.6%;
-- EBITDA grew by 23.2%;
-- Average rented fleet grew by 27.8%;
-- 17.8% growth in the Net Income.
Full earnings ...