(MENAFN) Petrobras announced that it has marked a loss of 14.824 billion reais during the past year, underlining its third straight year of negative expansion.
The Brazilian Company also said the result is less severe than the 34.846 billion reais which it has gained a year earlier.
Meanwhile, Petrobras revealed it has ended Q4 with a net profit to hit 2.51 billion reais.
On the other hand, the firm has closed 2016 with total revenue of 282.589 billion reais, down by 12% compared with 2015.
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