Annual Report 2005 - Tenaris

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Business review 18. TenarisConfab
NET REVENUES MILLLIONS OF R$ 1800 1600 1400 1200 1000 800 600 400 200 0 Operating Performance 2005 saw the confirmation of the increased importance of gas in the Brazilian energy grid, with the amplification of gas pipeline networks. In Argentina, the greater demand for gas due to economic growth also led to expansion of its gas pipeline network. We successfully concluded the supply of pipes for large projects, mostly in South America, and several of which were on our order books at the end of 2004. The main highlights were the Coari-Manaus, Cabiúnas-Vitória, Catu-Carmópolis-Pilar gas pipelines and the amplification of the North and South gas pipelines in Argentina. TOTAL PIPES EQUIPMENT 710.4 547.8 162.6 1,462.0 1,221.1 240.9 994.7 800.5 194.2 887.6 676.0 211.6 1,783.1 1,659.5 2001 2002 2003 2004 2005 123.6 In 2005, the area also supplied pipes for the Paragominas bauxite slurry pipeline, dedicated to the transportation of bauxite from the mine in Paragominas (Pará) to the Alunorte aluminum processing plant located in Barcarena (Pará). The industrial equipment operations showed an increase in nominal production levels, as well as a significant increase in profitability in consequence of the selective operational strategy adopted. Revenues Confab Industrial S.A. had net operating revenues of R$ 1,783.1 million in 2005, a 101% increase over 2004. This impressive growth in revenues was due to increased sales volume and an improved product and price mix. The following chart shows the evolution of net revenues over the last five years. Result Net profit for 2005 was R$ 277.0 million, compared with R$ 17.5 million in 2004. The chart at the next page shows the evolution of the consolidated result for the period from 2001 to 2005. The profit per share was R$ 0.8517 in 2005, against R$ 0. 0539 for 2004. The operating profit before the financial result and results in associated companies increased from 19. Annual Report 2005
Page 1: Annual Report 2005
Page 4 and 5: Company profile More than 60 years
Page 6 and 7: It was during this period, with the
Page 8 and 9: 8. TenarisConfab
Page 10 and 11: Highlights 10. TenarisConfab
Page 12 and 13: Message to the shareholders 12. Ten
Page 14 and 15: The segment supplying fuel tanks fo
Page 16 and 17: Letter of principles 16. TenarisCon
Page 20 and 21: 20. TenarisConfab On a daily basis,
Page 22 and 23: 22. TenarisConfab The graph shows t
Page 24 and 25: The challenges TenarisConfab faced
Page 26 and 27: Leading indicators 26. TenarisConfa
Page 28 and 29: Pipes 28. TenarisConfab
Page 32 and 33: 32. TenarisConfab In 2005 more than
Page 34 and 35: PRA-1 is a Petrobras project aimed
Page 36 and 37: Equipments 36. TenarisConfab
Page 40 and 41: Social action review 40. TenarisCon
Page 42 and 43: 42. TenarisConfab The quality of th
Page 44 and 45: The program modules are designed to
Page 46 and 47: In 2005, Confab invested R$5.3 mill
Page 48 and 49: Board of Directors 48. TenarisConfa
Page 50 and 51: Balance sheet 50. TenarisConfab ASS
Page 52 and 53: Income statement GROSS REVENUE Sale
Page 54 and 55: Statement of changes in financial p
Page 56 and 57: Explanatory notes 56. TenarisConfab
Page 60 and 61: Explanatory notes . 60. TenarisConf
Page 64 and 65: 64. TenarisConfab In 1991, the stoc
Page 66 and 67: 66. TenarisConfab ACCOUNTS CURRENT
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Explanatory notes 68. TenarisConfab
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Statement of cash flow 80. TenarisC
Page 82 and 83:
Report of the Independent Auditors
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Annual Report 2005 - Tenaris

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