in this issue
People & Business :: Companies
Braskem's net profit up 70% on operational efficiencies, divestments
10:52 AM MDT | May 8, 2014 | Francinia Protti-Alvarez
Braskem's quarter-one net profit grew 70% year-on-year (YOY), to 396 million reais ($177.5 million), partly resulting from the sale of the water treatment unit at the Triunfo, Brazil petrochemical complex earlier this year and partly from operational efficiencies, the company announced today. Consolidated Ebitda stood at R$1.64 billion, up 44% YOY, as a result of divestments and the stability in petrochemical spreads in the international market, the company says. Meanwhile, net revenue increased 25% YOY, to R$11.8 billion, driven by a 4% US dollar appreciation...
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