RIO DE JANEIRO, BRAZIL - Appreciation of Brent oil was the driver of the revenue increase despite the decline in sales of oil products to the domestic market.
Petrobras posted profits of R$1.167 billion (US$220 million) in the first quarter, thereby offsetting the R$48.52 billion loss recorded in the same period last year. The average of analysts' projections had pointed to a net profit of R$2.11 billion . . .
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