The
state-owned
Brazilian
player
posted
a
net
loss
of
1.35bn
reais
($665.7
million)
in
the
three
months
to
June,
compared
with
a
profit
of
10.94
billion
reais
in
the
year-ago
period.
Analysts
surveyed
by
Thompson
Reuters
had
forecast
a
profit
of
3.69
billion
reais.
The
loss
came
even
as
revenue
grew
11.5%
to
68
billion
reais.
Production
also
slumped
1%
to
2.579
million
barrels
per
day.
“We
are
working
to
recover
our
profitability,”
Petrobras
president
Maria
das
Gracas
Foster
said
in
a
statement.
The
company's
new
development
plan
"focusses
on
the
production
of
oil…
