CARACAS, Venezuela (Bloomberg) -- Petroleos de Venezuela SA’s annual net income rose more than three-fold as the state-owned oil producer spent less on social programs, reduced costs after currency devaluation and sold assets. Profit rose to $15.8 billion last year from $4.3 billion in 2012, according to a bond offering circular dated May 14, a copy of which was obtained by Bloomberg. So-called comprehensive net income was $12.9 billion, up from $5.1 billion.
..»
PDVSA profit surges as lower spending, Forex blunt oil slide
![PDVSA profit surges as lower spending, Forex blunt oil slide]()
Reviewed by Crude Oil Brokers
on
12:19
Rating:
No comments:
Post a Comment