26 October 2013 00:16 [Source: ICIS news]
HOUSTON (ICIS)--Brazil state energy producer Petrobras reported on Friday a Q3 net income of reais (R) 3.40bn ($1.55bn, €1.12bn), down 40% from R5.57bn a year prior, as costs rose faster than sales.
The company reported Q3 sales of R77.7bn, up more than 5% from R73.8bn from the same time last year.
Cost of sales was R61.1bn, up nearly 10% from R55.7bn from the year prior.
Operational expenses were R11.1bn, up nearly 17% from R9.49bn from the same time last year.
($1 = €0.72, $1 = R2.20)
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