Petrobras performance improving: largest quarterly earnings in two years

Wednesday, May 17th 2017 - 15:53 UTC

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Brazilian state-controlled oil company Petrobras reported its largest quarterly earnings in two years as crude prices rose and the government allowed it to sell fuel at a profit in the domestic market. Petrobras posted a 4.5 billion reais net profit (US$ 1.4bn) in the January to March period, reversing a 1.25 billion reais loss (US$ 400 million) in the first three months of 2016. Read full article

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Jack Bauer
Well, at that rate it'll take only 27 years to pay off the debt.....provided no dividends are paid....reason why the shares are worth shite...
May 18th, 2017 - 07:27 pm - Link - Report abuse 0
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:o))
Makes interesting reading material:
1º: theintercept.com/2017/05/22/vendido-como-mocinho-pela-irma-aecio-garantiu-blindagem-da-imprensa-por-30-anos/
2º: veja.abril.com.br/blog/radar-on-line/pgr-insistiu-para-saber-se-filho-de-lula-era-socio-de-joesley/
3º: veja.abril.com.br/blog/radar-on-line/sem-eleicoes-diretas-lula-reza-para-temer-permanecer-no-governo/
May 24th, 2017 - 12:27 pm - Link - Report abuse 0
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