(MENAFN) Scandal-hit Brazilian oil titan Petrobras announced logging profit decline in the third-quarter period of 9 percent over the same quarter of 2013, AFP reported.
The state-owned oil company said profits for the cited period reached USD1.2 million in the first earnings report issued since the corruption scandal which broke last year.
The profit marked a drop of 38 percent compared to the second quarter of 2013. However, the firm did not give details on the losses in the value of assets as a result of the scandal.
Brazil's largest company is involved in an investigation into alleged kickbacks for politicians, mainly allies of the government of President Rousseff, a former Petrobras chair.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.