Brazil's Oleo e Gas had loss of $4.3 billion in Q4

martes 1 de abril de 2014 22:22 GYT
 

BRASILIA, April 1 (Reuters) - Brazil's Oleo e Gas Participações SA, the oil producer formerly known as OGX, posted a net loss of 9.8 billion reais ($4.33 billion) in the fourth quarter, the company said in a filing on Tuesday.

The company, part of bankrupt tycoon Eike Batista's once high-flying energy and commodities group, accumulated a loss of 17.4 billion reais in all of 2013.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, was 18 million reais in the fourth quarter.

($1 = 2.2619 Brazilian reais) (Reporting by Alonso Soto; Editing by Stephen Coates)