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View Full Version : Petrobras 4th-Quarter Profit Surges as Real’s Rate Lifts Assets - Bloomberg



NewsWhore
03-06-2009, 10:30 PM
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Petrobras 4th-Quarter Profit Surges as Real’s Rate Lifts Assets (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DavEG6C0.xS34%26refer%3Dlatin_america&cid=0&ei=_eqxSffrDcKgmAeZ9LjvBQ&usg=AFQjCNGVmf8XRWZExCYbyhgoDobOL-Kg2w)
Bloomberg
The real’s 24 percent decline last year increased the local- currency value of the company’s assets and cushioned a 34 percent drop in the price of oil compared with a year earlier. Petrobras had a 3.68 billion-real currency gain in the quarter, ...


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