Braskem Q3 Sales $3.42B Down From $4.83B YoY, Net Loss Of $497M
Portfolio Pulse from Benzinga Newsdesk
Braskem (NYSE:BAK) reported a 29.30% decrease in sales this quarter, with sales of $3.42 billion compared to $4.83 billion in the same period last year. The company also reported a net loss of $497 million.
November 09, 2023 | 10:16 am
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Braskem's sales have significantly decreased this quarter, and the company reported a net loss of $497 million. This could negatively impact the company's stock price.
Braskem's significant decrease in sales and reported net loss indicate a potential financial instability, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price.
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