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Re: DewDiligence post# 1029

Friday, 11/11/2011 8:12:56 PM

Friday, November 11, 2011 8:12:56 PM

Post# of 30493
PBR’s earnings fell 26% YoY due to exchange rates (i.e. strong Real and weak Dollar):

http://online.wsj.com/article/SB10001424052970204358004577032460488965578.html

Political meddling in the Brazilian price of gasoline and diesel also contributed to the earnings downturn.

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