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Saturday, October 03, 2015 11:51:09 AM
The increase should add 6.9B reais ($1.7B) to annual EBITDA and help ease fears that the effect of a weak currency on the company’s cash flow generation could further damage an already weak financial situation, BofA analysts say.
Any change to prices at the pump is still unclear, as they are set by the gas station owners.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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