Petrobras' net profit nearly doubles in the second quarter 07-Aug 07:05

Brazilian state-run oil firm Petrobras posted on Thursday a 96.8% jump ​in its second-quarter net profit ​from a year earlier.

Petrobras reported ⁠a 52.4 billion reais ($10.25 ​billion) in net profit for the April-June quarter, ​above the 44.7 billion reais expected in an LSEG poll.

Adjusted earnings before ​interest, taxes, depreciation and ​amortization (EBITDA) grew 79.6% year over year to ‌93.8 ⁠billion reais, beating analysts' estimates of 90.1 billion reais.

The firm's net revenue grew 42.3% in ​the ​same period ⁠to 169.5 billion reais, above the 160.4 ​billion reais forecast by ​analysts.

($1 = ⁠5.1101 reais)