August 2, 2012 [Equities] - Ultrapar Participacoes S.A., a company engaged in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the second quarter of 2012.
In 2Q12, we completed another quarter of positive earnings progression, with 15% and 9% growth in EBITDA and net income. In addition, we continued our expansion plan, with the announcement of the acquisitions of a liquid bulk terminal in Maranhao and a specialty chemicals company in Uruguay.
“Over the last months, we took important steps towards our strategy of sustained growth with the announcement of two acquisitions in May.
We acquired, through Ultracargo, a terminal for liquids at the port of Itaqui (Temmar Liquid Bulk Fuels Terminal), in Maranhao, where we did not yet have operations.
We also acquired a specialty chemicals company in Uruguay, strengthening Oxiteno’s scale and positioning in the Southern Cone.
In addition, we closed another quarter of growth in volumes and results, despite facing a less favorable macroeconomic environment.”
