This excerpt taken from the PBR 6-K filed Aug 14, 2006.
PETROBRAS ANNOUNCES FIRST HALF 2006 RESULTS
PETROBRAS earned consolidated net income of R$ 6,959 million in the second quarter of 2006, 41% higher than the net income generated in the second quarter of 2005.
In the first half of 2006, consolidated net income was R$ 13,634 million, 37% higher than the net income achieved in the first half of 2005. The growth in net income was supported by a 7% increase in the domestic production of oil and NGL´s. Operating cash flow (EBITDA) was R$ 27,727 million, generating sufficient resources to meet the Companys investment plan, while reducing debt.