The document provides highlights and key indicators for Minerva S.A.'s second quarter of 2011. It discusses positive sales and profitability figures as well as challenges in the external environment. Management expresses confidence in the company's strategy and ability to navigate adverse market conditions. Upcoming events and details about Minerva S.A. are also summarized.
Enjoy Night ≽ 8448380779 ≼ Call Girls In Palam Vihar (Gurgaon)
Minerva - Resultados do 2º trimestre de 2011
1. KD ^ Ks^W Z ^
^
Z' W Z Z /Z^
Destaques do Segundo Trimestre de 2011
D Z
W Z
s D Z
K
d
W
^ E
h^ d
d
D
Z
/
K /d Z
^
Z
h^ d
d
D
Z
Z/
Z
' Y
W Z/
d
' Z/ d Z
d
1
2. Z d
Principais Indicadores
Z D d d s d s D d D d s
s s
Z
D /
D
Z
/d
D /d
D
/d
/d Wh
Mensagem da Administração
Z
E
E
D
2
3. Z d
K ^ /'
^ W
'
d
E
K
E K ^ ^
d
^
W h
W ^ W ^
W
Z
Z
W
^
^
3
4. Z d
' Y W
W ^
'
d d d d d d d d d
D W
K
Z
E
^
4
5. Z d
W '
d d d d d d d d d
W ^ Y
K h W
h W
d d d d d d d d d d d d d d d d d d
/E ^E ^
D
K h^
Z
K h
/
5
6. Z d
K Z K D
Z
d
K
Z
,
/
^
s
d d d d d d d d d ,
/
Z h^
W D h^
^y
s W
h^ Z
s
^y
D /
K
/' E
6
7. Z d
^
/'
K
K
E E Z /
D
,
Minerva – Análise dos Resultados
E
E
WZ
W W
Z D ZK s D' Wh h
7
8. Z d
h
d d d d d
Z
Z D d d s d s D d D d s
Z
D /
Z
K
D
Z
K
Z
E
K ^ ^
^
8
9. Z d
K
E
d d
D
K D/
D
K D/
K D
D/
K D D/
D D D/ D /
E D
^
9
10. Z d
Z D d d s d s D d D d s
/ E D
W D
K D
^ d D
/ E D/
W D/
K D/
^ d D/
d
s d d s d s D d D d s
/ E D
W D
K D
^ d D
/ E D/
W D/
K D/
^ d D/
d
W D D h^ d d s d s D d D d s
/ E D
W D
K D
d
D E
W D D Z d d s d s D d D d s
/ E D
W D
K D
d
W D D/ Z d d s d s D d D d s
/ E D/
W D/
K D/
d
D D D/ D /
K D h^ K
10
11. Z d
h^
D d D d
D ^ D
^
K
Z Z
Z K
D
d
D
D
^
Z
Z
Z D d d s d s D d D d s
Z
Z
Z
D s Ds
K Ds Z
Z
11
12. Z d
Z D d d s d s D d D d s
Z
Ds
Z
D
s '
Z D d d s d s D d D d s
s
Z
'
Z
Z
Z
W
/d
K /d Z
/d
E
K /d Wh Z
Z D d d s d s D d D d s
Z
/Z ^
Z
E E
/d
D /d
W Wh
12
13. Z d
/d Z K
K /d Z
Z D d d s d s D d D d s
/d
/d
D /d
W Wh
Z
Z
Z D d d s d s D d D d s
Z
s E
Z
Z
K Z
Z E Z
Z
Z D d d s d s D d D d s
W
D
Estrutura de Capital
Z
K
13
14. Z d
/d K
Z d d s d s
W
W
D E
D
W
W
D E
D
d
D E
D
/d
/
Wh
DK E /KE DK ^dZ E'/Z
d d d d
d d
d d
d d
d d
d d
d d
d d
d d
14
15. Z d
W W W W
Z D Z D
d d d d d d d
Investimentos
K Z
E
Ações para o Cenário Externo Adverso
K
D
^
•
• /
• D
•
15
16. Z d
D
E
Eventos Subsequentes
K
D ^
E/D sD
• s Z
• s E h Z
• W K Z
• s
• Z d /
•
• W Z Z
• E ^ Ks^W /y
• Z W ^
^
Z /
K W ^
/ sD
KW
D Ks^W
^
Z
16
17. Z d
K ^ Z
Sobre o Minerva S.A
KD ^ ^
W ^ W Z ' d D ' ^
D ' W h D
E
Z
Z
/ sD
sD
17
18. Z d
EyK DKE^dZ K Z^hd K KE^K/ K
d d d d d d d
Z
Z
Z
Z
Z
s
K
Z
K
/Z E E
/Z
18
19. Z d
EyK EK W dZ/DKE/ KE^K/ K
d d d
/
d
/
/
K
Z
/
/
W
d
d
W d d d
W
K
K
d
W
d
K
W
W
W
d
Z
Z
Z
W
W
d
19
20. Z d
EyK hyK /y KE^K/ K
d d
Z
s :
Z
/
s
W
d
K
:
s
K
:
K /
/
/
W
/
/
Z
E
E
Z
20