This excerpt taken from the PBR 6-K filed May 16, 2006.
PETROBRAS ANNOUNCES FIRST QUARTER 2006 RESULTS
(Rio de Janeiro May 12, 2006) PETRÓLEO BRASILEIRO S.A. Petrobras releases its consolidated results today, expressed in millions of reais, in accordance with Brazilian GAAP.
PETROBRAS reported consolidated net income of R$6,675 million in the 1Q-2006, a 33% increase over the 1Q-2005.
In 1Q-2006, consolidated net operating income was R$ 35,886 million, 20% higher than the same period in 2005 (R$29,897 million). EBITDA in 1Q-2006 was R$ 14,113 million, 35% higher that the R$ 10,452 million reported in 1Q-2005. The market value of the Company at 3.31.2006 totaled R$ 197,995 million, an increase of 62% when compared to the same period of last year.