in this issue
Regions :: South America :: Brazil
Braskem’s Earnings Rise on Favorable Currency Exchange Rates
2:04 PM MDT | August 18, 2008 | Chemical Week Editorial Staff
Braskem (São Paulo) reported second-quarter net income up 36%, to R383 million ($244 million), compared with the year-ago period. Braskem attributes the increase primarily to positive impact from foreign exchange rates. Ebitda fell 44%, to R519 million ($334 million), due to high naphtha costs combined with a decline in sales volumes for basic petrochemicals, Braskem says. Net sales fell 11%, to R4.4 billion ($2.7 billion). Braskem cites lower aromatics sales as well as lower ethylene and propylene sales volumes resulting from scheduled maintenance...
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