The company's net sales rose to 28.9bn reais in the first quarter of 2005, up 25% from the same period a year ago, while Ebitda rose 23% to 10.5bn reais, Petrobras said. Higher average sale prices of oil and its derivatives and greater demand were behind the better results, the company said.
Petrobras also registered a 4% increase in output of oil, natural gas and associated gas liquids in the first quarter 2005 from the same period a year ago as three new units started producing in the Campos basin fields from mid-2004 through the first quarter of 2005, the company said.
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