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Braskem Misses Estimates as Weaker Spreads Offset Sales
Key Points
Braskem Misses Estimates as Weaker Spreads Offset Sales Braskem SA posted a larger-than—expected loss as petrochemical spreads narrowed amid a normalization of global supplies, outweighing stronger sales in Brazil. The troubled petrochemicals giant posted a third-quarter net loss of 1.07 billion reais ($190 million), wider than the 1.80 million-real loss estimated by analysts surveyed by Bloomberg.
Braskem Misses Estimates as Weaker Spreads Offset Sales
Braskem SA posted a larger-than—expected loss as petrochemical spreads narrowed amid a normalization of global supplies, outweighing stronger sales in Brazil.
The troubled petrochemicals giant posted a third-quarter net loss of 1.07 billion reais ($190 million), wider than the 1.80 million-real loss estimated by analysts surveyed by Bloomberg.