News Archive

Shares in Brazil’s Petrobras drop 6 percent after $17 billion charge

Posted by: Admin | Posted on: April 23rd, 2015 | 0 Comments

RIO DE JANEIRO (Reuters) – Shares in Brazil’s Petrobras (PETR4.SA) opened down 6 percent on Thursday after it took charges totaling $17 billion in its long-delayed audited results published late on Wednesday.

The writedowns led Petroleo Brasileiro SA, as the company is formally known, to post a 2014 loss of 21.6 billion reais ($7.2 billion).

(Reporting by Stephen Eisenhammer; Editing by Chizu Nomiyama)

Article source:

Comments are closed.