Exports Boost Petrobras

摘要

Brazil's state-controlled energy giant Petrobras registered a 33% year-on-year slide in third quarter net profits, but an improved market for its heavy oil exports helped avert a steeper decline. Petrobras reported a third-quarter net profit of 7.3 billion Brazilian reals ($4.24 billion), down from a record 10.9 billion reals in the year-ago quarter.