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Braskem Misses Estimates as Weaker Spreads Offset Sales

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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.
Braskem Misses (PERSON) Braskem SA (ORG) Brazil (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →