July 31, 2008 / 11:44 PM / 9 years ago

Brazil's Embraer Q2 net profit more than doubles

BRASILIA, July 31 (Reuters) - Brazilian aircraft manufacturer Embraer EMBR3.SA said on Thursday its second-quarter net profit rose to 176.3 million reais ($112.8 million) from 79.7 million reais in the year-earlier period.

Earnings before interest, taxes, depreciation and amortization, a measure of cash flow known as EBITDA, climbed to 199.1 million reais from 78.7 million reais in the second quarter of 2007.

Embraer, short for Empresa Brasileira de Aeronautica, is the world’s leading producer of regional jets. It also makes business jets and military aircraft.

Its main rival in the regional jet market is Canada’s Bombardier Inc BBDb.TO.

($1=1.563 reais)

Reporting by Ana Nicolaci da Costa, editing by Leslie Gevirtz

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