Petrobras posts historic $9.2bn profit in 2019, Q4 up 287.87%

Petrobras (PETR3; PETR4) posted a net profit of R$40.137 billion ($9.2bn) in 2019, a 55.7% increase over the amount recorded in 2018. The figure also represents the highest nominal profit in the history of capital companies according to Economatica. In Q4 alone the net profit was R$8.153 billion – an increase of 287.87% over the same period the previous year. The company’s adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) was R$129.249 billion in 2019, an increase of 12.54% over 2018.

Source: InfoMoney