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PBR » Topics » (1) Before financial income and expenses and equity pick-up. The main factors that contributed towards generating net income in the period from January to September 2007, in relation to the same period in 2006, were as follow:

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

(1)  Before financial income and expenses and equity pick-up. 

The main factors that contributed towards generating net income in the period from January to September 2007, in relation to the same period in 2006, were as follow:

• A 3% increase in net operating revenue:

  •
International market sales volumes increased by 19%, petroleum contributing strongly towards that performance due to the increase in production and overseas processing of national acidic crude oils.
   
  •
Increase in volume sold on the local market, particularly aviation fuel (9%), fuel oil (6%), diesel (5%) and LPG (3%).

Offset by the effect of exchange rate fluctuations on the price of commodities in the international market.

• A reduction of 1% in the average unit costs of the products sold, as a result of:

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