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View Full Version : Braskem Posts Loss of 2.11 Billion Reais on Currency - Bloomberg



NewsWhore
03-05-2009, 10:10 AM
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Braskem Posts Loss of 2.11 Billion Reais on Currency (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaRvTYvHPC.Ec%26refer%3Dnews&cid=1311444749&ei=CeyvSbuPH5CoQbO18JAC&usg=AFQjCNGX-7ryFzlxpt0d18fAxzE_hfHKOQ)
Bloomberg
The real’s 30 percent decline in the past year increased costs on Braskem’s dollar debt, prompting the company to post a 1.9 billion-real currency loss in the fourth quarter. Net sales in the period fell 14 percent to 4.11 billion reais, ...


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