MEXICO CITY (Sputnik) — The company’s net income with interest, taxes, depreciation and amortization was up by 19 percent and stood at 25.25 billion reais ($8 billion).
According to its statement, Petrobras managed to reverse the first-quarter net loss it suffered last year when it fell short of 1.25 billion reais ($360 million).
The oil producer underwent a restructuring in 2015 after the company found itself at the heart of a major corruption scandal that forced Petrobra to sell assets in order to pay debts. It raised $13.6 billion over two years.
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