{"id":213212,"date":"2019-04-30T17:20:09","date_gmt":"2019-04-30T20:20:09","guid":{"rendered":"https:\/\/anba.com.br\/?p=213212"},"modified":"2019-06-30T12:36:24","modified_gmt":"2019-06-30T15:36:24","slug":"profit-up-147-for-federal-state-run-companies","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/profit-up-147-for-federal-state-run-companies\/","title":{"rendered":"Profit up 147% for federal state-run companies"},"content":{"rendered":"<p>Bras\u00edlia \u2013 Brazil\u2019s non-National-Treasury-dependent federal state-run companies saw profits more than double in 2018. As per a report released this Tuesday (30) by Brazil\u2019s <a href=\"http:\/\/www.economia.gov.br\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ministry of Economy<\/a>, these companies\u2019 gains reached BRL 69.974 billion (USD 17.779 billion) last year, a 147% hike over 2017.<\/p>\n<p>Five groups \u2014 <a href=\"https:\/\/www.bb.com.br\" target=\"_blank\" rel=\"noopener\">Banco do Brasil<\/a>, <a href=\"http:\/\/www.caixa.gov.br\" target=\"_blank\" rel=\"noopener noreferrer\">Caixa Econ\u00f4mica Federal<\/a>, Banco Nacional de Desenvolvimento Econ\u00f4mico e Social (<a href=\"http:\/\/www.bndes.gov.br\" target=\"_blank\" rel=\"noopener noreferrer\">BNDES<\/a>), <a href=\"http:\/\/www.eletrobras.com.br\" target=\"_blank\" rel=\"noopener noreferrer\">Eletrobras<\/a>, and <a href=\"http:\/\/www.petrobras.com.br\" target=\"_blank\" rel=\"noopener noreferrer\">Petrobras<\/a> \u2013 concentrate 96% of the total assets and 93% of net worth of state-owned companies. The greatest increase was for Petrobras, which saw a profit of BRL 377 million (USD 96 million) in 2017 to BRL 26.7 billion (USD 6.8 billion) in 2018, a 6,981.7% increase.<\/p>\n<p>In Petrobras case, the increase occurred because in 2017 the company made a deal to end court cases moved by investors in the United States. The deal costed BRL 11.2 billion (USD 2.8 billion) and impacted the company\u2019s result that year.<\/p>\n<p>Another highlight was Eletrobras group, which came from a negative BRL 1.726 billion (USD 439 million) to a profit of BRL 13.348 billion (USD 3.391 billion) last year. Out of the five groups, only Caixa Econ\u00f4mica saw its profit reduced, from BRL 12. 488 billion (USD 3.163 billion) in 2017 to BRL 10.355 (USD 2.631) in 2018.<\/p>\n<p><strong>Translated by Guilherme Miranda &amp; Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-213210\">Fernando Fraz\u00e3o\/Ag\u00eancia Brasil<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The five biggest corporations run by Brazil\u2019s federal government ran close to USD 18 billion in profit last year. Petrobras saw the strongest numbers.<\/p>\n","protected":false},"author":2315,"featured_media":213210,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[3371,546,232,8436,8437,8433,3036,2717,4784,13548,511,2719],"class_list":{"0":"post-213212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-banco-do-brasil","9":"tag-bndes","10":"tag-brazil","11":"tag-brazils-ministry-of-economy","12":"tag-brazilian-federation","13":"tag-caixa-economica-federal","14":"tag-eletrobras","15":"tag-estatais","16":"tag-federal-government","17":"tag-petrobras-ar","18":"tag-petrobras","19":"tag-state-run-companies"},"wps_subtitle":"The five biggest corporations run by Brazil\u2019s federal government ran close to USD 18 billion in profit last year. Petrobras saw the strongest numbers.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/213212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=213212"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/213212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/213210"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=213212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=213212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=213212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}