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For the second quarter of 2003, consolidated net income of $319 million compares favorably with $227 million in the same quarter of 2002. This increase is mainly due to lower financial expenses. Moreover, electricity sales in Québec were higher, essentially as a result of continued growth in sales to industrial customers since the beginning of the year.
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Contents
Message from the Chairman of the Board
and the President and Chief Executive Officer
Consolidated Statement of Operations
Consolidated Balance Sheet
Consolidated Statement of Cash Flows
Consolidated Financial Highlights
Quarter Highlights