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
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