Braskem Q2 Sales $3.59B Down From $5.16B YoY; Net Loss Of $156M
Portfolio Pulse from Benzinga Newsdesk
Braskem (NYSE:BAK) reported a 30.41% decrease in sales this quarter, with sales of $3.59 billion compared to $5.16 billion in the same period last year. The company also reported a net loss of $156 million.
August 09, 2023 | 6:47 am
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NEGATIVE IMPACT
Braskem's sales have significantly decreased this quarter, and the company reported a net loss. This could negatively impact the company's stock price.
Braskem's significant decrease in sales and reported net loss indicate a potential financial struggle for the company. This could lead to a decrease in investor confidence, which could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100