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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: http://feeds.reuters.com/~r/reuters/businessNews/~3/W7Rg6XlmBtM/story01.htm

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