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This excerpt taken from the PBR 6-K filed Mar 30, 2009. RESULTS OF OPERATIONS FOR 2008 COMPARED TO 2007 The comparison between our results of operations for 2008 and for 2007 has been affected by the 5.7% increase in the value of the Real against the U.S. dollar for 2008 compared to 2007. This excerpt taken from the PBR 6-K filed May 22, 2008. RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF 2008 COMPARED TO THE FIRST QUARTER OF 2007 The comparison between our results of operations has been affected by the 17.5% increase in the value of the Real against the U.S. dollar for the first quarter of 2008, as compared to the first quarter of 2007. | EXCERPTS ON THIS PAGE:
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