Petrobras increased quarterly profit more than 30 times

The Brazilian state oil and gas and petrochemical company, Petrobras, in the second quarter of 2018 increased its net profit 32 times year-on-year to 10 billion 70 million reals. A significant increase in the index was facilitated by the recovery of oil prices. Adjusted EBITDA increased by 57% to 19 billion 100 million reals. Quarterly revenue amounted to 74.5 billion reals, increased by 9%. By June 30, net debt of Petrobras decreased by 13% compared to December last year and amounted to 73 billion 700 million dollars. Since the beginning of the year, the company's capitalization has grown by more than a third to 281 billion 300 million reals.

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