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MercoPress, en Español

Montevideo, April 20th 2024 - 08:54 UTC

Tag: strong growth prospects

  • Thursday, April 4th 2019 - 09:41 UTC

    Petrobras finally shows positive results and with strong growth prospects

    Improved crude and fuel prices largely contributed towards the strong year. Oil jumped 50% year-on-year, in Reais, and fuel 32% year-on-year

    Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.