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PBR » Topics » RESULTS OF OPERATIONS FOR THE FIRST HALF OF 2009 COMPARED TO THE FIRST HALF OF 2008

This excerpt taken from the PBR 6-K filed Sep 9, 2009.

RESULTS OF OPERATIONS FOR THE FIRST HALF OF 2009 COMPARED TO THE FIRST HALF OF 2008

The comparison between our results of operations has been affected by the 22.6% decrease in the value of the Real against the U.S. dollar in the first half of 2009 compared to the first half of 2008.

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