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Bloomberg reported that Petroleos de Venezuela’s net income rose surged 42.4% in 2011.

Bloomberg reported that Petroleos de Venezuela’s net income rose surged 42.4% in 2011.

As quoted in the market news:

PDVSA, as the company is known, said that revenue rose 31.4 percent to $124.8 billion. PDVSA’s earnings before social contributions to the central government and income tax more than doubled to $35.2 billion, according to full year financial results published today on the company’s website.

Click here to read the full Bloomberg report.

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