Braskem’s Loss Narrows, Sales Rise

Braskem reported a fourth-quarter net loss of R$893 million ($496.7 million), compared with a net loss of R$2.1 billion in the same period of 2008. The relative improvement was driven by better operating performance and the depreciation in the dollar against the real. Braskem’s consolidated Ebitda rose 6%, to R$614 million, on higher resin sales volume in the domestic and international markets. Sales rose 30%, to $2.4 billion, due to the increases in resin sales volume in the domestic and international markets of 23% and 88%, respectively; and higher...

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