Brazil's Braskem Swings To Smaller-Than-Expected Profit In 4Q



Reuters

BRASILIA, March 29 (Reuters) - Brazil's Braskem SA , Latin America's largest petrochemical company, booked a fourth-quarter net profit of 313 million reais ($94 million), overturning a loss a year earlier but missing a Thomson Reuters consensus estimate of 592 million reais.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 24 percent to 2.952 billion reais when excluding one-off items, according to a securities filing on Thursday. That beat a Thomson Reuters consensus estimate of 2.77 billion reais.

($1 = 3.3206 reais)

(Reporting by Bruno Federowski; Editing by Susan Fenton)



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