Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » 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:

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:

 

Changes 3Q-2007 X 2Q-2007
MAIN INFLUENCES
    R$ million
             
Main Items   Net
Revenues 		   Cost of
Goods Sold  		   Gross 
Profit
 
. Domestic Market:       - effect of volumes sold    1.123    (709)   414 
                                     - effect of prices    473    -    473 
. Intl. Market:               - effect of export volumes    626    (294)   332 
                                     - effect of export price    372    -    372 
. Increase in expenses: (*)                  -    (1.281)   (1.281)
. Increase in profitability of Distribution Segment    216    (138)   78 
. Decrease in operations of commercialization abroad    654    (1.001)   (347)
. Decrease in international sales    169    (434)   (265)
. FX effect on controlled companies abroad    (888)   1.198    310 
. Others    (74)   (116)   (190)
       
    2.671    (2.775)   (104)
       
       

(*) Expenses Composition:    Value 
               - materials, services and depreciation    457 
               - third-party services    133 
               - salaries, benefits and charges    85 
               - transportation: maritime and pipelines (1)   (5)
               - domestic government take    (65)
               - non-oil products, including alcohol    (80)
               - import of gas, crude oil and oil products(2)   (1.806)
   
    (1.281)
   
   

(1)      Expenditures on cabotage, terminals and pipelines.
(2)      CIF value.

• Growth in operating expenses, due to:

• Selling expenses (R$ 192 million) thanks to higher sales volume;
 
• The Pension and Health Plan (R$ 695 million) due to the commitments related to the Reciprocal Obligation Agreement (R$ 697 million).

7

PETROBRAS SYSTEM  Operating Performance 
     

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki