Banco Bradesco Announces Net Income Of R$ 608.7 Million In 1Q04.Business Editors SAO PAULO, Brazil--(BUSINESS WIRE)--May 3, 2004 Banco Bradesco (NYSE NYSE See: New York Stock Exchange :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) (BOVESPA See Bolsa de Valores de Sao Paulo. : BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd 4 and BBDC3) (Latibex:XBBDC) announced today net income of R$ 608.7 million for the first quarter of 2004 (or EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of R$ 3.85) compared to net income of R$ 507.6 million in the same period of 2003, i.e. up by 19.9%. 71.8% of the quarterly net income was derived from lending and trading activities (R$ 437 million), 27.0% from the Bradesco Insurance Group (R$ 164 million) and 1.2% (R$ 7 million) from other segments. As part of our strategy to increase shareholder value, we paid (or accrued) R$ 326.1 million in interest attributed to own capital in 1Q04, compared to R$ 289.9 million in the first quarter of 2003 (1Q03). Conference Call: Tuesday, May 4, 2004 In English: 10:00 a.m. (New York time - US ET) USA and International: (+1 973) 582-2757 Conference Call ID: Bradesco or 4701185 In Portuguese: 8:30 a.m. (New York time - US ET) Brazil and International: (+5511) 2101-1490 Conference Call ID: Bradesco Simultaneous Webcast (audio): http://www.bradesco.com.br/ir/ Full Release: http://200.189.182.180/ri/english/includes/relatoriosplanilhas/demonst racao.htm (Due to the length of this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. , it may be necessary to copy and paste To copy files from one location to another or to copy text and images from one document to another. All modern operating systems and applications have a copy and paste capability that is typically selected from an Edit menu. See cut and paste and Win Copy between windows. this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.) Highlights -- Acquisition of the control of Banco do Estado do Maranhao -- BEM, through auction on February 10, of 324,181,808 common shares, corresponding to 89.957% of its capital, for the amount of R$ 78 million and conclusion of the acquisition and subsequent consolidation of the activities of Banco Zogbi in Banco Finasa; -- Integration of Banco BCN branches into Banco Bradesco's Network; For additional information, please contact Bradesco Investor Relations: Jean Philippe Leroy (Tel: (55-11) 3684-9229 or e-mail: 4260.jean@bradesco.com.br) and Luiz Osorio Leao Filho (Tel: (55-11) 3684-9302 or e-mail: 4260.osorio@bradesco.com.br). |
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