Braskem: 1Q Earnings Snapshot
Posted June 3, 2020 5:21 am.
Last Updated June 3, 2020 5:24 am.
BUTANTA, Brazil (AP) _ Braskem SA (BAK) on Wednesday reported a first-quarter loss of $824.1 million, after reporting a profit in the same period a year earlier.
The Butanta, Brazil-based company said it had a loss of $2.07 per share.
The petrochemical company posted revenue of $2.85 billion in the period.
Braskem shares have fallen 23% since the beginning of the year. The stock has decreased 46% in the last 12 months.
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The Associated Press
