Manufacturing Industry
Embraer reports significant third quarter profit rise
Airline Industry Information, Nov 16, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Brazilian aircraft manufacturer Embraer has announced a 2004 third quarter net profit of BRL396.9m, up from BRL88.9m in the third quarter of 2003.
Embraer is the world's fourth largest aircraft manufacturer and competes with Canada's Bombardier specialising in the regional jet market. The company doubled its deliveries in the third quarter from 20 in 2003 to 40 in 2004 but saw its account receivables rise by 41% to BRL2.05bn after American Eagle provisionally cancelled an order for 18 aircraft and US Airways postponed the delivery of 63.
Net revenue for the third quarter totalled BRL2.73bn, up from BRL1.30bn in 2003. Embraer's backlog of firm orders was up to USD11bn at the end of September 2004 from USD10.5bn at the end of June 2004, reports Reuters.
((Comments on this story may be sent to aii.feedback@m2.com))
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo gallery—plus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
Most Popular Business Publications
Content provided in partnership with
Sponsored by Merrill Lynch