VALINHOS, Brazil Nov. 9 /PRNewswire-FirstCall/ -- Anhanguera Educacional Participacoes S.A. (BM&FBOVESPA: AEDU11; Bloomberg: AEDU11:BZ) announces today its results for the third quarter (3Q09).
3Q09 Highlights
Average Enrollment reached 253,6 thousand, a 79.5% growth over 3Q08;
Net Revenue totaled R$ 220.2 million in 3Q09, up 30.3% year-over-year;
EBITDA reached R$ 51.2 million in 3Q09, an increase of 26.8% versus 3Q08;
In 9M09, Adjusted Net Income was R$ 87.0 million, 6.3% higher than 9M08.
Anhanguera Educacional Participacoes S.A. is the largest private for-profit education institution in Brazil, with over 1,000 locations in all Brazilian states and the Federal District, offering more than 90 undergraduate and associate degree programs in the fields of business administration, law, engineering, IT, health and other applied social sciences, as well as graduate, extension and vocational training programs. Anhanguera Educacional is listed under Level 2 of the Sao Paulo Stock Exchange (BM&FBOVESPA) and trades under the symbol AEDU11.