Brazil’s Petrobras posts first profit in 5 years | The Malaysian Insight

Brazil’s Petrobras posts first profit in 5 years

Brazilian state oil giant Petrobras is enjoying a period of recovery after three years of massive losses. – AFP pic, February 28, 2019.

BRAZIL’S state oil company Petrobras said yesterday it registered its first profit in five years, making 25.8 billion reais in 2018. Adjusted profit – before interests, taxes, depreciation and amortisation – was a record 114.9 billion reais, Petrobras said in a statement. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

msianinsight /  🏆 8. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brazil larang AS guna wilayahnya ceroboh Venezuela | The Malaysian InsightIa berusaha memastikan krisis di Venezuela tidak akan bertukar kepada konflik bersenjata di rantau tersebut.
Read more »

Lynas’ half-year profit falls by 63% after radioactive waste removal order | The Malaysian InsightCompany cites ‘difficult regulatory and market conditions’ as reason for lower profits.
Read more »

Brazil larang AS guna wilayahnya ceroboh Venezuela | The Malaysian InsightIa berusaha memastikan krisis di Venezuela tidak akan bertukar kepada konflik bersenjata di rantau tersebut.
Read more »

Baidu’s Q4 profits plunge | The Malaysian InsightBeijing-based, Nasdaq-listed company continues investments in new fields.
Read more »

Telekom posts net profit of RM153m in FY18, sees better year
Read more »

Cradle CEO died of multiple head injuries, 2nd post-mortem shows | The Malaysian InsightNazrin Hassan did not die from ‘exploding’ handphone, say family members.
Read more »