in this issue
Regions :: South America :: Brazil
Braskem’s Earnings Tumble on Acquisition Costs
2:02 PM MST | February 25, 2008 | Chemical Week Editorial Staff
Grubisich: Ipiranga buy hurt results. Braskem reported fourth-quarter 2007 net income down 79%, to R27 million ($15.5 million), compared to the same year-ago period. The company cites costs of acquisitions including its $1.1-billion purchase of a 60% share of Ipiranga Group’s (São Paulo) petrochemical assets last year (CW, March 28, 2007, p. 7). Sales rose 4%, to R6 billion. Braskem says that it expects the global petchem sector to benefit from high growth rates in China, India, and other significant petchem markets. Braskem expects the Brazilian...
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