Companies with shares in the Stock Market profit 20% more
Folha de S. Paulo - 04/11/2008
In 2007, the total profit of the 257 Brazilian companies of open capital - those with shares traded in the Stock Market - had the best performance since the beginning of Luiz Inácio Lula da Silva's first administration in 2003. According to a research published yesterday by Economática consulting company, the profit of those companies doubled in the period, driven by the good result in the Brazilian stock market, which registered several records last year. In 2007, the total profit of these companies reached R$ 123.7 billion (US$ 64.1 billion) - 20.16% more compared to 2006. Throughout Lula's administration, the high over 2003's total profit, which was R$ 61.643 billion (US$ 20.1 billion), reached 100.76%. If the profits of Petrobrás and Vale, the biggest Brazilian open capital companies, were discounted, the other companies would also have record profits: R$ 82.2 billion (US$ 46.97 billion), an amount 139.64% bigger than the 2003's. Together, Petrobáas and Vale total the equivalent to 50.2% of the profit obtained by the other 255 Brazilian open capital companies. Petrobrás closed the year of 2007 with net profits of R$ 21.512 billion (US$ 11.14 billion) -17% smaller than previous year's. Vale's net profits reached R$ 20.006 billion (US$ 10,36 billion) in 2007, 48.95% bigger than 2006's. Among the sectors, banks appear in first place, as it has been happening in the last few years. The profits of these institutions led 2007, with R$ 28.741 billion (US$ 14.89 billion). Next are Oil and Gas (22.095 R$ billion/US$ 11.45 billion), Mining (20.006 R$ billion/US$ 10.36 billion), Energy (14.491 R$ billion/US$ 7.51 billion), Siderurgy and Metallurgy (11.105 R$ billion/US$ 5.75 billion) and Telecommunications (6.904 R$ billion/US$ 5.78 billion).