BR Distribuidora profits R $302 million in the 2nd quarter

BR Distribuidora recorded net income of R $302 million, corresponding to a high of 14.8%, in the second quarter of 2019. This is the first balance sheet released by the company after its privatization, when Petrobras sold the company's shareholding control for R $9.6 billion, reducing the share in the Distributor to 37.5%.

"The company's performance in the second quarter of 2019 is mainly marked by the growth in sales volume compared to the first quarter of the year (+ 2.4%), due to the increase in diesel sales and also in the OTTO cycle, even considering the Negative impact of lower volumes traded on aviation and fuel oil products, reflecting the closure of operations/operational constraints on customers, "BR reported in a statement.

The next subsidiary Petrobras intends to privatize is the Liquigás. The final binding offerings by the companies will be received on August 7.

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