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Manguinhos posts H1 net profits of US$610k

Bnamericas
Brazilian refinery Manguinhos posted net profits of 1.85mn reais (US$610,000) in the first half of 2004, up from 107,000 reais in the same year-ago period, local press reported. Net revenue fell to 408mn reais in the first half from 441mn reais in the same period of 2003. Manguinhos is one of two private refineries in Brazil. It is controlled by Spain's Repsol YPF.

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