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Petróleo Brasileiro S.A. - Petrobras Message Board

  • palmtreeview palmtreeview Feb 4, 2013 6:05 PM Flag

    Petrobras 2012 Earnings down 36%. Earnivgs bomb verified.

    04 FEBRUARY 2013 - 23H40
    Brazil's Petrobras says 2012 net earnings down 36%

    The building of Brazil's state-owned oil giant Petrobras is pictured in Rio de Janeiro on January 4, 2011. Petrobras reported Monday that its net earnings dipped 36 percent in 2012 over the previous year, due to the depreciation of the real as well as higher gas imports and operational costs.
    AFP - Brazil's state-owned oil giant Petrobras reported Monday that its net earnings dipped 36 percent in 2012 over the previous year, due to the depreciation of the real as well as higher gas imports and operational costs.

    Net earnings amounted to 21 billion reais, or $10.860 billion based on the average exchange rate for 2012, it said in a statement.

    Sentiment: Strong Sell

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9.37+0.26(+2.85%)Aug 29 4:02 PMEDT