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PBR » Topics » Pag: 124

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

Pag: 124

(A free translation of the original report in Portuguese)

 

FEDERAL PUBLIC SERVICE   
BRAZILIAN SECURITIES COMMISSION (CVM)  
ITR - QUARTERLY INFORMATION - As of - 09/30/2007 Corporate Law 
COMMERCIAL, INDUSTRIAL & OTHER TYPES OF COMPANY   

08.01 – COMMENTS ON THE CONSOLIDATED PERFORMANCE IN THE QUARTER

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

Pag: 124


SUPPLY: The Supply segment recorded net income of R$ 4.367 million in the first half of 2007, 20% above the R$ 3.632 million registered during the same period in 2006, reflecting a reduction in average oil acquisition and oil product import costs, associated with the 7% appreciation of the Real against the dollar, as well as the lower value of heavy crude oil. These gains were partially offset by:

  • Increased oil product import volumes;

  • Higher selling and general and administrative expenses, chiefly due to the upturn in sales volume, and increased personnel and third-party service expenses.

In comparison with the previous quarter, second-quarter net income increased by 4% due to (1) the growth in oil product sales volume; (2) the increase in the average realized price for oil product sales; and (3) the sale, in the second quarter of 2007, of inventories acquired at a lower cost.

EXCERPTS ON THIS PAGE:

6-K
Nov 21, 2007
6-K
Aug 21, 2007

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