Petrobras to release results this month – Rousseff

Petrobras to release results this month – Rousseff

24 minutes ago/FT

Petrobras, the Brazilian energy company engulfed in a corruption scandal, will publish an audited set of financial results for 2014 by the end of April, according to Brazilian president Dilma Rousseff, Bloomberg reported.

Ms Rousseff told the news agency that the release of the results is critical to re-establishing investors’ confidence.

The pledge from Ms Rousseff, who chaired the company and whose popularity has dimmed sharply because of the scandal, comes a day after an independent director of the company resigned because of a failure to set a date for the release of the results.

Petrobras’ auditor, PwC, refused to sign off on its accounts last year. Ms Rousseff also denied she knew of any corruption at a company that was once the largest in Latin America.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.