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PBR » Topics » Net income for the second quarter of 2007 totaled R$ 6.800 million, 65% above the R$ 4.131 million declared in the first quarter of 2007, due to greater export volumes, higher international oil prices and the fiscal benefit arising from the provisioning o

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

Net income for the second quarter of 2007 totaled R$ 6.800 million, 65% above the R$ 4.131 million declared in the first quarter of 2007, due to greater export volumes, higher international oil prices and the fiscal benefit arising from the provisioning of interest on own capital, as well as the factors listed below:

  • A R$ 2.107 million increase in gross profit:

Changes 2Q-2007 X 1Q-2007

MAIN INFLUENCES
    R$ Million
 
Main Items    Net 
Revenues		   Cost of
Goods Sold 		   Gross 
Profit
 
. Domestic Market:       - Effect of Volumes Sold    1.483    (781)   702 
                                     - Effect of Prices    639                       -    639 
. Intl. Market:               - Effect of Export Volumes    321    (172)   149 
                                     - Effect of Export Price    876                       -    876 
. Increase / Decrease in expenses: (*)                    -    (290)   (290)
. Increase / Decrease in Profitability of Distribution Segment    (225)   281    56 
. Increase / Decrease in operations of commercialization abroad    238    (151)   87 
. Increase / Decrease in international sales    741    (373)   368 
. FX effect on controlled companies abroad    (687)   593    (94)
. Others    (482)   96    (386)
       
    2.904    (797)   2.107 
       

(*) Expenses Composition:    Value 
- third-party services    64 
- transportation: maritime and pipelines **    59 
- salaries, benefits and charges    22 
- non-oil products, including alcohol    (31)
- domestic Government Take    (58)
- materials, services and depreciation    (129)
- import of crude oil, gas and oil products***    (217)
   
    (290)
   

** CIF value.
*** Expenditures with cables, terminals and ducts.

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