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Stock impact report

Afya Limited Third Quarter and Nine Months 2024 Financial Results

Afya Limited - Class A Common Shares (AFYA) 
Last afya limited - class a common shares earnings: 12/2 07:12 am Check Earnings Report
Company Research Source: Business Wire
Impressive Adjusted EBITDA Margin ExpansionRobust EPS ExpansionExpressive Cash Generation NOVA LIMA, Brazil--(BUSINESS WIRE)--Afya Limited (Nasdaq: AFYA; B3: A2FY34) (“Afya” or the “Company”), the leading medical education group and medical practice solutions provider in Brazil, reported today financial and operating results for the three and nine-month periods ended September 30, 2024 (third quarter 2024). Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS).Third Quarter 2024 Highlights3Q24 Net Revenue increased 16.3% YoY to R$841.2 million. Net Revenue excluding acquisitions grew 11.8%, reaching R$808.8 million.3Q24 Adjusted EBITDA increased 25.0% YoY reaching R$347.9 million, with an Adjusted EBITDA Margin of 41.4%. Adjusted EBITDA Margin increased 290 bps YoY. Adjusted EBITDA excluding acquisitions grew 18.2%, reaching R$328.9 million, with an Adjusted EBITDA Margin of 40.7%.3Q24 Net Income i Show less Read more
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