In
-- ULTRAPAR'S REVENUES GREW IN ALL BUSINESS UNITS IN 3Q08 COMPARED TO 3Q07 -- ULTRAPAR'S EBITDA REACHED R$ 263 MILLION IN 3Q08, UP 20% AND 6% ON 3Q07 AND 2Q08, RESPECTIVELY -- NET EARNINGS REACHED R$ 117 MILLION, 374% AND 12% HIGHER THAN 3Q07 AND 2Q08, RESPECTIVELY
"It was with great pleasure that we accomplished another important stage in our business growth plan during this quarter with the acquisition of Texaco, taking Ultrapar up to a new level of size and scale. This acquisition, combined with the acquisition of Uniao Terminais and the additional production capacity at Oxiteno coming on stream, give us prospects of significant gains over the next years through operational improvement, larger operational scale and the capture of synergies, reinforcing the company's strength and resilience and placing it in a good position to face a more challenging economic environment, which is likely to take place in 2009," said Pedro Wongtschowski - CEO.
Results Conference Call National Conference Call Date: November 7, 2008 11:00 a.m. (local time) / 8:00 a.m. (U.S. EST) Telephone for connection: 55 11 2188-0188 Code: Ultrapar International Conference Call Date: November 7, 2008 12:30 p.m. (local time) / 9:30 a.m. (U.S. EST) Participants in Brazil: 0800 891 0015 U.S. Participants: 1(800) 860-2442 International Participants: + 1(412) 858-4600 Code: Ultrapar
SOURCE Ultrapar Participacoes S.A.