• Categories
  • Archives

Brazil’s Embraer Profit Grows 14%. 145 Airplanes to Be Delivered in 2006

Brazilian airplane manufacturer Embraer, had revenues of US$ 1.829 billion in the first quarter of the year, an increase of 16% in comparison to the US$ 1.575 billion registered in the same period in 2005.

According to information released by the company, the net profit obtained during the first six months of 2006 was US$ 204.4 million, an increase of 13.8% in relation to the US$ 179.5 million in the first half of last year.

In the period, the company delivered 63 aircrafts, of which 51 were commercial jets, nine executive jets and three for the government and defense segment. The company foresees the delivery of 145 airplanes this year. Embraer has 298 firm orders in their portfolio evaluated at US$ 10.2 billion.

In the second quarter of the year, the company had revenues of US$ 1.020 billion, against US$ 812.4 million in the same period in 2005 and US$ 808.3 million in the first three months of 2006.

Net profit of US$ 139.1 million between April and June was a quarterly record. In the second quarter of last year, the company profit was US$ 83 million, and in the first three months of this year, they totaled US$ 65.3 million.

A total of 36 aircraft were delivered in the quarter, being 30 commercial jets, five executive jets and one for the government and defense sector. In the second quarter of last year, a total of 30 aircraft were delivered.

In the company’s evaluation, among the main highlights in the second quarter are the shareholder restructuring. With this the company entered the "New Market" in the São Paulo Stock Exchange (Bovespa), which represents the highest level of corporate governance in the Brazilian share market.

Another highlight, according to the company, was the release of the Lineage jet, an ultra-large executive jet to be produced on the Embraer 190 platform, the second largest commercial aircraft produced by the company.

Tags:

  • Show Comments (2)

  • racureiu

    Funny….and phony the increase in profits ! continues
    Hey you up there…. What kinda of wheat are you smoking? Give me some of that shit!

    If there was a Pandora’s Box of stupidity, you would be its contents.

    hehehe….keolie

  • ch.c.

    Funny….and phony the increase in profits !
    Since when a brazilian company reports revenues and earnings in a foreign currrency ?

    In Reais, the profits were DOWN NOT UP ! Sorry ! Chosing the base currency….just to show a growth….is hiding the reality !

    Simple !s

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

Viacabo Brazil Offers New PPV Technology

Norway-based Conax AS has launched a pilot of its new Conax CAS7 modular system ...

Brazil: Economic Policy to Be Kept Despite the Pain

Brazil’s presidential Chief of Staff (ministro chefe da Casa Civil), José Dirceu, in remarks ...

A Fashionable Brazilian Way of Facing the Global Meltdown

In the corridors of Fundação Bienal, in São Paulo, in the Brazilian Southeast, where ...

After Attacks to Flag Brazilians Renew Their Sense of Patriotism

In Brazilian capital Brasília, on the first Sunday of each month there is a ...

In Brazil Poor Won’t Pay for the World Economic Mess, Says President Lula

Brazilian President Luiz Inácio Lula da Silva, in his last official commitment in 2008, ...

Two More Weeks Before Brazilian Amazon Port Is Back in Operation

The level of the Solimões River in Tabatinga, state of Amazonas, on the Brazilian ...

Brazil’s 2006 Budget: US$ 716 Billion. 64% Goes to Serve the Country’s Debt.

Brazil’s Planning Minister, Paulo Bernardo, delivered the government’s proposal for next year’s budget to ...

Renewable Sources Account for Close to Half of Brazil’s Energy Supply

The share of renewable sources in domestic energy supplies rose to 44.5% in 2005, ...

Playboy Wants Brazilian Student Geisy on the Cover Without Her Famous Red Miniskirt

With skimpy clothes this Brazilian college girl became an international sensation, naked she can ...

Extreme Security Surrounds Brazil’s Ex-Chief of Staff Testimony on Vote-Buying

The security section of Brazil’s Chamber of Deputies has made special arrangements for today’s ...