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Net income for the nine months ended September 30, 2004, totaled $1,789 million, up from $1,472 million for the same period last year. This $317-million increase can be explained largely by the reduction in our financial expenses and the gain realized from the second quarter sale of our interest in Noverco.
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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