• Categories
  • Archives

US$ 7.4 Billion: Brazil Petrobras’s Profit Falls 20% in First Half

BR gas distributor Brazilian state-controlled oil and gas multinational Petrobras had net profit of 13.55 billion Brazilian reais (US$ 7.4 billion) in the first half of the year, a result that represents a reduction of 20% when compared with the same period last year.

From January to June, 2008, the company profit was 16.956 billion (US$ 9.3 billion). This information was disclosed by the company.

In the second quarter of this year (April to June), the company's net profit was 7.734 billion reais (US$ 4.2 billion), a reduction of 20.4% over the same period last year, when the profit totaled 9.717 billion reais (US$ 5.3 billion). When compared to the first quarter of this year, when profits totaled 5.816 billion reais (US$ 3.2 billion), profit rose 33%.

The company's earnings before interest, tax, depreciation and amortization (EBITDA) was 17.513 billion (US$ 9.6 billion) in the second quarter of this year, a reduction of 6% over the same quarter in 2008.

With regard to the first quarter, the EBITDA has grown 30.47%. Petrobras revenues dropped 20% in the second quarter of this year when compared to the same period in 2008, and totaled 44.6 billion reais (US$ 24.3 billion).

BR Distribuidora

BR Distribuidora announced that it had net profit of 661 million Brazilian reais (US$ 336 million) in the fist half of this year. This result represents a 1.4% reduction in comparison with the 671 million accumulated between January and June 2008.

The Petrobras subsidiary sold 20 billion liters of fuel in the first six months of 2009, growth of 9.4% over the sales in the same period last year. The record sales of derivatives in June, 3.49 billion liters, was broken in July, when the company traded 3.75 billion liters.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Arabists Gather in Rio to Promote Arab Studies in Brazil

Brazilian and Portuguese scholars of Arabic language and literature and Arab history are getting ...

Brazil Presents Its War on Hunger Case Story in Guatemala

Approximately 852 million people go hungry in the world – 18 million more than ...

China Strength Moves Brazilian Stocks Up

Latin American equities rallied, alongside gains on Wall Street and a decline in crude ...

Coming Up in Brazil – Serra Versus Dilma?

The world’s eye may be on the presidential contest in the United States but ...

Brazil Benefits from US$ 22 Million Gates Grant for Hookworm Vaccine

The Albert B. Sabin Vaccine Institute, a leader in promoting the development and use ...

Chavez Rewards Brazil with a US$ 1 Billion Deal for Venezuela’s Mercosur Entry

The president of Brazil Dilma Rousseff and her colleague Hugo Chavez of Venezuela signed ...

Brazil to Use Deforested Areas for Sustainable Development Programs

Brazil’s Minister of Environment, Marina Silva, affirmed, yesterday, June 29, that a sustainable development ...

Twin-engine plane that crashed in Bahia, Brasil

Brazilians Plunder US$ 2.6 Million from Crashed Plane with 4 Dead

A twin-engine plane carrying four people and millions in cash fell Wednesday, March 14, ...

Brazilian Meat Giant JBS-Friboi Exports Expected to Grow More in US than Brazil

Brazil's JBS-Friboi group, a meat producer and the world's leading bovine slaughterhouse, increased its ...

Brazilian Flag Is Big Star at Iraq Trade Show

In Iraq, the most sought products at the stand of the Arab Brazilian Chamber ...