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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dominion Energy Inc | NYSE:D | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.20 | 0.39% | 51.18 | 52.085 | 49.93 | 50.99 | 7,032,245 | 00:58:31 |
SÃ O PAULO—Brazil's state-run oil firm Petró leo Brasileiro SA on Thursday reported second-quarter net income of 531 million reais ($150.2 million), much lower than analysts' expectations, weighed down by slumping oil prices and a hefty tax settlement with the Brazilian government.
The company's net income fell almost 90% compared with the same quarter a year ago. The company's revenue totaled 79.94 billion reais in the quarter, down 3% from the same period in 2014. Earnings before interest, taxes, depreciation and amortization, or Ebitda, increased 21.7% to 19.77 billion reais in the second quarter.
Petrobras took a 1.6 billion reais charge reflecting back taxes and fines paid to settle a tax dispute with Brazilian authorities. Brazil's tax appeals board ruled in July that the company owed a financial transactions tax on loans made to foreign subsidiaries in 2008.
Petrobras shares were up 3.3% at 10.34 reais in after-hours trading in Sã o Paulo.
Write to Will Connors at william.connors@wsj.com and Luciana Magalhaes at Luciana.Magalhaes@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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