IHS Chemical Week

People & Business :: Earnings/Finance

Weaker Brazilian currency boosts Oxiteno's earnings, sales

11:21 AM MST | November 8, 2013 | Ian Young

Oxiteno, the chemicals subsidiary of Ultrapar (São Paulo), posted a 28% increase in third-quarter Ebitda compared with the corresponding quarter of last year, to 146 million Brazilian reais, on  sales up 9%, to R$867 million. Higher Ebitda largely reflected the weakness of the Brazilian currency and an improved sales mix, Ultrapar says. These were partly offset by increased expenses, including those related to the startup of operations in the United States and Uruguay. The sales increase also reflected the weaker Brazilian currency  and an...

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