This excerpt taken from the PBR 6-K filed Nov 12, 2008.
The business operations conducted by Petrobras in 2008 totaled a profit of R$ 38 billion before financial results, from the results arising from equity interests, and from taxes, depreciation and amortization (EBITDA), which was a 25,4% increase in relation to the same period of 2007.
The Gross Margin decreased 5 percentage points, as a result of the increase in expenditures with government interests, costs with imports of oil and oil products related to the increase in international prices and the greater expenditures with afreightment of platforms, reflecting the entry into operation of new fields. These effects were partially compensated by the higher average price worldwide.
This excerpt taken from the PBR 6-K filed Aug 13, 2008.
Business conducted by Petrobras totaled, in the 1st half of 2008, R$ 25 billion of income before financial income and expenses, earnings from shareholdings, taxes, depreciations and amortizations (EBITDA), representing an increase of 26,1% in relation to the same period of 2007.
The gross margin fell by 4 percentage points in comparison with that recorded for the 1st half of 2007, reflecting the increase in spending on government participations, costs of imports of petroleum and petroleum products related the increase in international oil prices and higher spending on platform chartering, as new oil fields come into operation. These effects were partially offset by the higher average global price of oil and taking into consideration the strengthening of the Real.
This excerpt taken from the PBR 6-K filed Aug 21, 2007.
2. ECONOMIC INDICATORS
Business conducted by Petrobras totaled, in the 1st half of 2007, R$ 19,9 billion of income before financial income and expenses, earnings from shareholdings, taxes, depreciations and amortizations (EBITDA), representing a reduction of 12% in relation to 1st half of 2006.
This excerpt taken from the PBR 6-K filed Nov 17, 2006.
In 3Q-2006 PETROBRAS conducted business which amounted R$ 10,3 billion of Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA), which increased 0,4% compared to 3Q-2005.
In the nine-month period January to September 2006, the Gross Margin rose by 1 percentage points, as compared to the same period in the previous year, reflecting the increase to the Average Realization Price - PMR of basic derivatives on the domestic market, which was partly offset by the higher average unit costs of goods sold due to higher expenses on Government Profit Shares and well maintenance and intervention, among other items.