Net profit for Estacio came to R$109.7 million in 2012, an increase of 56.3% over the 2011 fiscal year, due to a 20.5% increase in revenues and efficiency gains in cost and expense entries, leading to growth of 70.7% in EBITDA, and more than offsetting the financial result owing to debts contracted since 2011.Operating cash flow was positive in the amount of R$65.0 million in 2012, in contrast with the negative result for 2011 of R$99.9 million, an increase of R$164.9 million. This enabled Estacio investments to reach a total of R$172.0 million in 2012, accounting for 12.4% of net revenues, while in the year before, investments accounted for 15.6%. Of this amount, R$60.1 million were allocated towards the purchase of new units, while R$111.9 million were assigned to the expansion of new units, refurbishment and improvement of existing units, IT projects and the consolidation of the new Model of Instruction.
Estacio Participacoes: EBITDA Grows 70.7%, Totaling R$210 Million In 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.