February 27, 2019 / 10:34 PM / 23 days ago

REFILE-Brazil's Petrobras posts first annual profit in five years

(Corrects day in first paragraph to Wednesday from Thursday)

RIO DE JANEIRO, Feb 27 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday, as widely expected.

In a securities filing, Petrobras, as the company is known, said net income in the fourth quarter totaled 2.102 billion reais ($564 million), up from a loss of almost 5.5 billion reais in the same period last year. Net income for full-year 2018 came to 25.779 billion reais. ($1 = 3.73 reais) (Reporting by Gram Slattery, editing by G Crosse)

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