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Income Statements

For the nine months ended September 30, 2007 and 2006. Figures in thousands of U.S. dollars.

See Consolidated Statements of Income 2006 - 2005

 
Income Statement
9 months ended September 30, 2007
9 months ended September 30, 2006
Sales
881,286
775,845
Cost of sales
-631,970
-554,572
Gross Margin
249,316
221,273
Selling and administrative expenses
-49,907
-50,769
 
Operating Income
199,410
170,504
 
Non-operating income
17,771
14,459
Non-operating expenses
-41,161
-39,832
 
Non-operating Income, Net
-23,390
-25,373
 
Income before income taxes
176,020
145,131
Income tax expense
-38,256
-31,057
 
Income before minority interest
137,764
114,074
Minority interest
-2,330
-2,519
 
Net income before negative goodwill
135,434
111,555
Amortization of negative goodwill
0
68
 
NET INCOME
135,434
111,622