Petrobras announced its consolidated results of the First Half of 2010 (1H10), in accordance with generally accepted accounting practices in United States (US GAAP).
The consolidated net income reached US $8.6 billion in the 1H10, (US $1.96 per ADS), compared to US $6.6 billion in the 1H09 (US $1.52 per ADS). The increase of 29.2% was primarily due to the increase in the Brent price and to the recovery of sales volume.
Adjusted EBITDA was US $16.6 billion in 1H10, compared to US $13.5 billion in the 1H09.
Capital expenditures amounted to US $19.4 billion in the 1H10, most of which allocated to the expansion of future oil and gas production capacity.
Petrobras Profit Grows 11% in 1H10
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