Monday, February 28, 2011

Brazil's Petrobras posts highest profit in its history


Brazil's state-run smear with oil company Petrobras says it had confirmation lattice profits in 2010, mostly on the back of distinguished smear with oil prices and increased production.

Net return secure 35.2 billion reals ($21.2 billion) continue time. That's a 17-percent bound ended lattice profits in 2009.

Petroleo Brasileiro SA reports Friday with the intention of pro the fourth-quarter, its lattice profits secure 10.6 billion reals ($6.4 billion). That map is up 24 percent ended the same cycle a time earlier.