Thursday, February 20, 2020

Petrobras profit in 2019 is the largest in the history of publicly traded companies

Petrobras recorded, in 2019, the highest nominal profit (without considering inflation) in the history of publicly traded companies on the Brazilian stock exchange, B3. Last year, the company's net income reached R$ 40.1 billion, an increase of 55.7% compared to 2018. This was also the biggest profit Petrobras has ever had in its history. Prior to that, the highest nominal profit had been reported by Vale in 2011, when the mining company's result reached R$ 37.814 billion. Thirdly, petrobras itself is the petrobras itself, which in 2010 made R$ 35.189 billion, according to data from financial information provider Economatica. In 2019, banks also perrose well and broke historical records. In the leadership is Itaú Unibanco, which reported net income of R$ 26.583 billion, the highest result among Brazilian banks listed on the stock exchange. Bradesco made a profit of R$ 22.582 billion last year, also the largest in its history.
G1 - 19/02/2020 News Item translated automatically
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