RIO DE JANEIRO, BRAZIL - Petrobras' net profit in the third quarter of 2019 totaled R$9.1 (US$2.27) billion - the equivalent of R$0.70 per share. The amount is lower than the R$18.9 billion in the second quarter, achieved as a result of the sale of Transportadora Associada de Gás S.A. (TAG).
The company reported that considering the special items, "net income reached R$9.1 billion, mainly reflecting the increase in oil and gas production and the capital gain from the sale of BR Distribuidora".
According to the company, "the expenses with . . .