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Chemical Week Magazine :: Newsbriefs

February 25, 2008

Braskem’s Earnings Tumble on Acquisition Costs

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...

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