BM&FBOVESPA S.A. announces earnings for the second quarter of 2009

BM&FBOVESPA S.A. announces earnings for the second quarter of 2009

GAAP Net income reached R$188.1 million (EPS of R$0.09), a 13.9% rise over pro forma net income for the same period one year ago. Adjusted Net income, adjusted by items with no impact on cash flow, totaled R$325.4 million (adjusted EPS of R$0.16)

GAAP Net income of R$188.1 million for the second quarter of 2009 was up 13.9% from the same period a year earlier, whereas adjusted net income of R$325.4 million soared 32.1% from adjusted pro forma net income for the three‐month period to June 2008.

2Q09 net revenues of R$378.2 million declined 14.7 % from the same quarter one year ago. In the comparison of the six months to June, net revenues dropped 17.3% to R$694.8 million.

2Q09 operational expenses reached R$ 128.2 million, a 13.6% slump from one year ago. As adjusted by items with no impact on cash flow, such as depreciation and the employee stock options plan, operational expenses for the quarter amounted to R$104.9 million, a 25.3% retreat from adjusted expenses for the same period a year earlier, and in line with the R$450.0 million target for the year.

EBITDA totaled R$259.9 million for the quarter, down 14.2% from 2Q08, and R$436.7 million for the six months to June 2009, a year‐on‐year drop of 24.0%. EBITDA Margin was stable between 2Q09 (68.7%) and 2Q08 (68.6%).

The board of directors approved the distribution of R$175 million composed by interest on shareholders’ equity in the amount of R$141.5 million and dividends in the amount of R$ 33.5 million.