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Petrobras posts first annual profit in five years


 

 

Por Reuters

RIO DE JANEIRO
Petroleumworld 28 02 2019

Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday, as widely expected.

In a securities filing, Petrobras, as the company is known, said net income in the fourth quarter totaled 2.102 billion reais ($564 million), up from a loss of almost 5.5 billion reais in the same period last year. Net income for full-year 2018 came to 25.779 billion reais.

($1 = 3.73 reais)

 

________________________

Reporting by Gram Slattery, editing by G Crosse from Reuters.

reuters.com 27 02 2019

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