in this issue
Regions :: South America :: Brazil
Weak Dollar Hurts Braskem’s Earnings
1:30 PM MDT | May 14, 2010 | Nancy Seewald
Braskem reported a net loss of R$123 million ($69 million) in the first quarter, compared with income of $10 million in the same period last year. The earnings decline is due in part to the depreciation of the U.S. dollar in relation to the Brazilian real. Ebitda rose 59%, to R$729 million, on higher volumes of resins and basic petrochemicals, favorable mix, and higher selling prices. Sales grew 37%, to R$4.5 billion. Sales in its benzene, toluene, and xylenes segment rose 36%, while propylene revenues were up 20%. Looking forward, Braskem says petchem pricing...
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: