Brazil’s Petrobras Distribuidora gets profit boost from Eletrobras privatizations

petrobra27 February 2019, Rio De Janeiro — Petrobras Distribuidora SA, the distribution unit of Brazilian state-run oil firm Petroleo Brasileiro SA, posted a major boost in quarterly net profit on Tuesday thanks to the effective payment of debts it was owed. In a securities filing, the firm posted a fourth-quarter net profit of 1.605 billion reais … More »