The report of the third quarter of this year released by Petrobras on November 11 shows that the company’s net profit for the period from June to September was R$ 6.3 billion (US$3.7 billion), a decrease of 42% from R$ 10.9 billion in the second quarter. , is the lowest level since the first quarter of 2009. (Securities Times Online Alert Center)
The company said that the shrinking of profits has a direct relationship with the recent strengthening of the exchange rate between the US dollar and Brazilian real. The company’s chief financial officer, Barbasa, said that the dollar’s ​​exchange rate with the real had risen 19% in the third quarter, bringing a loss of 6.5 billion reals (about 3.8 billion U.S. dollars) to the company, but due to the Since its weakness, the company’s exchange rate losses so far this year have remained at R$ 3 billion. The financial report shows that Petrobras earned a net profit of 27.2 billion reais (approximately US$16 billion) from January to September this year, an increase of 15% over the same period of last year; third-quarter net income was 64.1 billion reais (approximately 37.7 billion). USD), a 4% increase from the previous quarter. Barbasa said that although the exchange rate has a greater impact on the company’s financial statements, the overall operating performance of the company is good.
The company said that the shrinking of profits has a direct relationship with the recent strengthening of the exchange rate between the US dollar and Brazilian real. The company’s chief financial officer, Barbasa, said that the dollar’s ​​exchange rate with the real had risen 19% in the third quarter, bringing a loss of 6.5 billion reals (about 3.8 billion U.S. dollars) to the company, but due to the Since its weakness, the company’s exchange rate losses so far this year have remained at R$ 3 billion. The financial report shows that Petrobras earned a net profit of 27.2 billion reais (approximately US$16 billion) from January to September this year, an increase of 15% over the same period of last year; third-quarter net income was 64.1 billion reais (approximately 37.7 billion). USD), a 4% increase from the previous quarter. Barbasa said that although the exchange rate has a greater impact on the company’s financial statements, the overall operating performance of the company is good.
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