Braskem SA (BAK) has released an update.
Braskem S.A., a leading resin producer, reported a significant increase in Recurring EBITDA to US$320 million for the second quarter of 2024, marking a 39% rise from the first quarter and a 128% surge from the same period the previous year. The company also experienced robust recurring cash generation, totaling US$69 million, due to improved operational performance. Despite some operational disruptions, Braskem’s strategic geographic diversification helped maintain service levels and drive sales volumes, particularly in Mexico where they hit a record since 3Q17.
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