Tag: Petrobras 3Q results

• Thursday, January 29th 2015 - 07:23 UTC

  Petrobras releases long delayed 3Q results but did not include reserves for corruption scandal

  

  Brazil’s embattled Petrobras released its long delayed third quarter results Wednesday but did not include any reserves tied to an ongoing corruption scandal that has already landed three former executives in jail. The company recorded a third quarter 2014 net profit of 1.18 billion dollars, down from 1.32 billion during the same period last year.