People & Business :: Companies
Braskem Swings to Loss
10:08 AM MDT | March 15, 2012 | Vincent Valk
Braskem swung to a fourth-quarter net loss of R$201 million ($112 million), compared with profit of R$356 million ($198 million) in the year-ago period. The loss was due to declining demand in thermoplastic resins, and unfavorable currency impacts. Net revenues rose 25% year-on-year, to R$8.7 billion ($4.85 billion), due to higher prices. In U.S. dollars, net revenue rose by 18%. Ebitda fell 24%, to R$718 million ($396 million). Braskem expects the petrochemical sector to “remain pressured” in the first quarter, the company says. “Demand...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee