This excerpt taken from the PBR 6-K filed Nov 13, 2007.
Net income for the 3Q-2007 totaled R$ 5,528 million,19% down on the R$ 6,800 million declared in the 2Q-2007, due to the expenses related to the Petros Plan regulation amendments and oil product imports. These and other factors are listed below:
R$ 104 million reduction in gross profit:
Growth in operating expenses, due to: