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Braskem third-quarter profit falls less than expected

 

 

By Reuters Staff

BEIJING
Petroleumworld 11 10 2017

Brazil's Braskem SA, Latin America's largest petrochemical company, reported a 7 percent fall in third-quarter net income to 764 million reais ($235 million), a securities filing showed on Thursday.

Profit beat a Thomson Reuters consensus of 703 million reais among analysts. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 9 percent when adjusted for non-recurring items to 2.746 billion reais, below an average forecast of 2.853 billion.

$1 = 3.2545 reais



Reporting by reporting by Bruno Federowski; editing by Jason Neely de Reuters.

reuters.com 11 09 2017

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