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Braskem’s profit up

6:56 AM MDT | May 23, 2014

Braskem’s first-quarter net profit grew 70% year-on-year (YOY), to 396 million reais ($177.5 million), partly resulting from the sale of the water treatment unit at the Triunfo, Brazil, petrochemical complex earlier this year and from operational efficiencies, the company says. Consolidated Ebitda stood at R$1.64 billion, up 44% YOY, as a result of divestments and the stability in petrochemical spreads in the international market. Net revenue increased 25% YOY, to R$11.8...

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