Petrobras makes profits of BRL 4.8 bln in H1

Brazil’s state-controlled Petrobras reported net profits of BRL 4.8 billion in H1 2017.
By Staff reporter 11 August 2017 0 27157

Brazil’s state-controlled Petrobras reported net profits of BRL 4.8 billion ($1.5 billion) in H1 2017.

However, the company’s Q2 2017 profits came in below expectations, with pre-tax earnings falling by 24%, to BRL 19.09 billion, from the previous quarter.

Petrobras executives will discuss the earnings in a call on Friday.

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