Income Statements

As of September 30, 2009 and 2008. Figures in thousands of U.S. dollars.

See Consolidated Statements of Income quarterly/semi-annual

 
Income Statement
As of September
30, 2009
As of September
30, 2008
Sales
1,049,182
1,376,225
Cost of sales
-648,453
-830,804
Gross Margin
400,729
545,421
Selling and administrative expenses
-58,763
-64,037
 


Operating Income
341,966
481,384
 


Non-operating income
19,044
32,245
Non-operating expenses
-49,637
-44,085
 

Non-operating Income, Net
-30,593
-11,840
 


Income before income taxes
311,373
469,544
Income tax expense
-60,434
-80,988
 


Income before minority interest
250,939
388,556
Minority interest
758
-7,485
 


Net income before negative goodwill
251,697
381,071
Amortization of negative goodwill
0
0
 


NET INCOME
251,697
381,071