SAO PAULO (BRAZIL), 16 May. The Brazilian oil group Petrobras posted net profits of 10.985 million reais (4,760 million euros) in the first quarter, representing a new record for the company, which improved its result by 42.2% over the same period 2010 . The Brazilian company said its results benefited from high oil prices, which in the case of Brent crude oil averaged $ 104.97 compared with $ 76.24 for the same period last year, bringing export earnings as well as production and sales of the international segment.
The Petrobras turnover stood at 54,800 billion reais ($ 23.749 million euros), up 9% over the figure last year, while production of oil and natural gas increased by 3% to a daily average of 2.6 million barrels of oil equivalent. 
The Petrobras turnover stood at 54,800 billion reais ($ 23.749 million euros), up 9% over the figure last year, while production of oil and natural gas increased by 3% to a daily average of 2.6 million barrels of oil equivalent.
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