Brazil's Braskem sees investments little changed in 2014

jueves 13 de febrero de 2014 08:02 GYT
 

SAO PAULO Feb 13 (Reuters) - Brazil's Braskem SA , Latin America's largest petrochemical company, expects to invest 2.664 billion reais ($1.11 billion) in 2014, close to its 2.722 billion reais in capital spending in 2013.

Braskem made the forecast in a Thursday securities filing reporting a fourth-quarter profit of 15 million reais ($6 million), down 95 percent from a year earlier.

Earnings before interest, taxes, depreciation and amortization fell 5 percent to 1.200 billion reais.

($1 = 2.41 Brazilian reais) (Reporting by Alberto Alerigi Jr.; Editing by Lisa Von Ahn)