Braskem: Q1 Earnings Snapshot

BUTANTA, Brazil (AP) — BUTANTA, Brazil (AP) — Braskem SA (BAK) on Thursday reported a first-quarter loss of $271.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Butanta, Brazil-based company said it had a loss of 68 cents.

The petrochemical company posted revenue of $3.44 billion in the period.

Braskem shares have fallen 12% since the beginning of the year. The stock has fallen 23% in the last 12 months.


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