Braskem Q1 Sales $3.618B Down From $3.743B YoY, Net Loss $273M Down From Net Income $35M YoY
Portfolio Pulse from Benzinga Newsdesk
Braskem reported Q1 sales of $3.618 billion, a decrease of 3.34% from $3.743 billion YoY. The company also reported a net loss of $273 million, down from a net income of $35 million YoY.
May 09, 2024 | 6:20 am
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Braskem reported a decrease in Q1 sales and a significant shift from net income to net loss compared to last year.
The reported decrease in sales and the significant shift from a net income to a net loss year-over-year are likely to negatively impact investor sentiment and Braskem's stock price in the short term. The financial performance indicates a downturn in the company's profitability, which could lead to bearish market behavior towards BAK shares.
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