29 de enero de 2015 / 19:23 / en 3 años

Petrobras doesn't rule out delaying 4th-quarter earnings as well

RIO DE JANEIRO, Jan 29 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA might delay its fourth-quarter financial statement until after June, but that would require negotiations with creditors, chief financial officer Almir Barbassa said on Thursday.

Petrobras, as the oil company is known, published its third-quarter unaudited results on Wednesday after a nearly three-month delay. Investors were further disappointed as the numbers did not include writedowns for the financial impact of a multibillion-dollar corruption scandal.

The company’s audited fourth-quarter financial statement is due by the end of April. If it is not published by then, creditors could declare the company in default for the breach of bond covenants.

Reporting by Jeb Blount and Marta Nogueira, writing by Walter Brandimarte; Editing by Cynthia Osterman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below