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Wednesday, January 28, 2015

Petrobras Plunges On Lack Of Corruption Write-Down



Investors.com http://ift.tt/1BoEg0b Petrobras (PBR) released its delayed third-quarter results Wednesday, but didn't announce a write-down related to a corruption scandal at the oil company, which had been seen as step toward restoring credibility. Brazil's state run oil company said Q3 net profit fell 8.8% to $1.18 billion. EBITDA, earnings before interest, taxes, depreciation and amortization, fell 10% to $4.5 billion. Results weren't audited. The company didn't give a figure on


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