05:34 GMT30 July 2021
Listen Live
    Latin America
    Get short URL
    0 18

    Brazilian energy giant Petroleo Brasileiro (Petrobras) said Thursday its first-quarter net earnings this year reached the two-year best of 4.4 billion reais ($1.42 billion).

    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.


    Brazil's Petrobras Shrugs Off Scandal, Rounds Off 2016 With Record Oil Output
    Petrobras Workers Strike for Higher Pay
    French Total to Buy Shares in Brazilian Oil Fields Worth $2.2 Bln - Petrobras
    profit, oil, Petrobras, Brazil
    Community standardsDiscussion