The
state-run
oil
giant
posted
net
income
of
7.74
billion
reais
($3.88
billion)
in
the
three
months
to
December,
up
from
5.56
billion
reais
($2.53
billion)
in
the
year-ago
period.
The
results
beat
expectations
of
analysts
surveyed
by
Reuters,
who
had
forecast
6.21
billion
reais,
according
to
the
news
wire.
"The
devaluation
of
the
real
significantly
impacted
the
price
of
Brent
crude
calculated
in
reais,
increasing
the
cost
of
imports
of
oil
and
petroleum
products,”
Petrobras
said
in
a
statement.
“Other
factors,
including
the
startup
of
new
projects,
which
increased
depreciation
expenses,
also
put…
