Air Transport World

Embraer posts second-quarter profit on record net sales.(Embraer Empresa Brasileira de Aeronautica S.A.)(financial reports)(Brief Article)

Riding increases in sales across all of its business segments, Embraer reported net income of $80.2 million for the second quarter ended June 30 compared to net income of just $4.9 million in the year-ago period. Income from operations amounted to $122.5 million, 75.8% higher than the $69.7 million recorded in the 2003 second quarter.

Net sales rose 63% to $924.3 million, the highest for any quarter in Embraer's history. The company said the increase mainly was owing to more aircraft deliveries and greater average sales prices due to the new product mix arising from deliveries of Embraer 170s. Commercial net sales jumped 73. …

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