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ComMODITY: Petrobras announces a 41% drop in profits in the third quarter

14/11/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Au troisième trimestre, la Brazilian public oil company Petrobras announced that it had recorded a 41.5% drop in profits.

While analysts expected 28.74 billion reais, the top oil producer in Latin America recorded a recurring net profit of 27.2 billion reais ($5.51 billion). Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the period fell by 27.6% to 66.19 billion reais ($13.41 billion

).
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