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RSS FeedsBraskem announces its 4Q19 and 2019 earnings release
(World News Brazil)


4 april 2020 05:46:34

Braskem announces its 4Q19 and 2019 earnings release
(World News Brazil)

HIGHLIGHTS: Braskem - Consolidated: In 2019, recurring EBITDA came to US$1,514 million, down 50% from 2018, mainly explained by the narrower spreads in the international market, given the slower growth of the world economy and the new capacities coming online for PE in the United States and for PP and refineries in Asia, with these factors partially offset by the higher sales volume of PP in the United States and PE in Mexico. In Brazilian real, recurring EBITDA came to R$5,936 million, decreasing 46% from 2018. In the year, the Company recorded a net loss of R$2,798 million1, which is explained by the accrual of a provision in the amount of R$3,383 million for implementing the Financial...

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