U.S. markets open in 8 hours 15 minutes
  • S&P Futures

    4,249.25
    +3.50 (+0.08%)
     
  • Dow Futures

    34,484.00
    +22.00 (+0.06%)
     
  • Nasdaq Futures

    14,018.50
    +24.25 (+0.17%)
     
  • Russell 2000 Futures

    2,332.60
    +2.10 (+0.09%)
     
  • Crude Oil

    71.23
    +0.32 (+0.45%)
     
  • Gold

    1,865.60
    -14.00 (-0.74%)
     
  • Silver

    27.98
    -0.17 (-0.59%)
     
  • EUR/USD

    1.2105
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    1.4620
    0.0000 (0.00%)
     
  • Vix

    15.65
    -0.45 (-2.80%)
     
  • GBP/USD

    1.4111
    -0.0006 (-0.04%)
     
  • USD/JPY

    109.7400
    +0.1050 (+0.10%)
     
  • BTC-USD

    39,382.49
    +4,402.01 (+12.58%)
     
  • CMC Crypto 200

    979.63
    +37.82 (+4.02%)
     
  • FTSE 100

    7,134.06
    +45.88 (+0.65%)
     
  • Nikkei 225

    29,106.38
    +157.65 (+0.54%)
     

Brazil's Braskem reports $157 mln Q4 profit

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

BRASILIA, March 11 (Reuters) - Brazil's Braskem SA rebounded to a fourth-quarter net profit of 878 million reais ($157 million) boosted by exchange rate moves and domestic sales, the petrochemical producer said in a securities filing on Thursday.

It had posted a loss of 2.9 billion reais a year earlier.

For 2020, its reported an annual net loss of 7 billion reais mainly due to 6.9 billion reais in provisions related to an ongoing environmental disaster in the state of Alagoas, the company said.

($1 = 5.60 reais) (Reporting by Paula Arend Laier; writing by Jamie McGeever; editing by Jason Neely)