PBR actualizacion balance

UPDATE 2-Petrobras Q3 profit rises, aided by strong real

* Financial results, sales in Brazil boosted profit 
    * Currency appreciation boosts profit quarter-on-quarter 
    
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on share offer) 
    By Brian Ellsworth and Denise Luna 
    RIO DE JANEIRO, Nov 11 (Reuters) - Brazilian state oil 
company Petrobras  said on Thursday third-quarter net 
income rose 3 percent from the previous quarter on gains from a 
strengthening currency and an increase in sales in Brazil. 
    Profit reached 8.6 billion reais ($5 billion) for the 
quarter, below the 9.3 billion reais ($5.5 billion) estimated 
on average by six analysts in a Reuters poll. In the second 
quarter, the company earned 8.3 billion reais. 
    "A 6 percent appreciation of the real in the third quarter 
versus the second quarter allowed for a currency-related gain 
of 1.4 billion reais," or $814 million, said Chief Financial 
Officer Almir Barbassa during an earnings presentation. 
    The company said a rising real lowered the value of debt 
denominated in foreign currency.  A strong real also makes it 
cheaper for the company to buy or lease equipment produced 
outside Brazil. 
    The South American nation is struggling to stem a flow of 
dollars into the country, a problem that may increasingly 
affect Brazilian companies in the coming months.

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