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Braskem swings to a net profit in the fourth quarter

8:27 AM MST | February 7, 2013 | Francinia Protti-Alvarez

Braskem's net profit swung back to positive territory in the fourth quarter of 2012 as the company reported 275 million reais ($138.3 million) in net earnings, compared with a R$127-million net loss during the third quarter of 2012, the company said today. The company also swung to a quarterly net profit on a year-on-year (YOY) basis, having reported a R$172-million loss during the last quarter of 2011.   Braskem's fourth-quarter 2012 Ebitda was R$1.4 billion, boosted by a R$516-million gain from the divestment of noncore assets, the company says. Revenue...

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