Petrobras Expects 3Q Unaudited Results Jan 27

Brazil's Petroleo Brasileiro SA expects to release unaudited third-quarter financial results on Jan. 27 after a scheduled meeting of its board of directors, the state-run oil company said Wednesday in a statement.

 

Petrobras, as the company is known, had previously said it will release the results by the end of January. If the board fails to approve the accounts, the results won't be released, the statement said.

 

Results have been delayed since November after its auditor, PricewaterhouseCoopers failed to certify Petrobras' accounts after a price-fixing, bribery and political kick-back scandal raised questions about the value of its assets.