Brazilian firms report bad quarter

Robinson, Simon
May 2006
ICIS Chemical Business;5/22/2006, Vol. 1 Issue 20, p14
Trade Publication
The article reports on the earnings decline of petrochemical companies in Brazil as of the first quarter of 2006. Petrobras Quimica (Petroquisa) announced net profits of Real 39.9 million or €14.9 million/$19.1 million, a 51% decline over the first quarter of 2005. While, Brazilian polyethylene (PE) producer Ipiranga Petroquimica (IPQ) has posted a 40% decline in 2006 first quarter earnings before interest, tax, depreciation and amortisation (Ebitda) at Real 122.6 million.


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