Petrobras net profit falls nearly 90% in Q2
The company attributed the sharp drop in net income -- a figure that was far lower than analysts had expected -- to an increase in tax expenses.
Aug 07, 2015, 16:13 PM IST
Petrobras net profit falls nearly 90% in Q2
Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.
Aug 07, 2015, 07:36 AM IST