Braskem Net Income Increases to R$ 541 Million in the Nine Months of 2007

SAO PAULO, Nov. 7  /PRNewswire-FirstCall/ -- BRASKEM S.A. (BOVESPA: BRKM3, BRKM5, BRKM6; NYSE: BAK; LATIBEX: XBRK), leader in the thermoplastic resins segment in Latin America and the third largest industrial company owned by the private sector, announced today its results for the 3Q07.

  Main highlights of the period:

   -- Braskem registered in 3Q07 a record thermoplastic resins production
      volume of 714,000 tons. Domestic sales volume for resins in 3Q07 also
      reached its peak. This volume was 551,000 tons, a 5% increase when
      compared to 3Q06.
   -- Consolidated net revenue of R$ 14.0 billion in the period from January
      to September 2007, an increase of 10% in relation to the net revenue
      of R$ 12.7 billion in 9M06
   -- Consolidated EBITDA was R$ 2.5 billion in 9M07, up 21% on the EBITDA
      of R$ 2.1 billion reported in 9M06, reflecting the improvement in the
      Company's operating performance, driven by the effectiveness of the
      Company's operational and sales strategy, even though naphtha price
      went up by 10%, in dollars, and the real appreciated 8%. EBITDA margin
      was 18.0% in 9M07, 1.6 percentage points higher than the 16.4%
      registered in 9M06.
   -- General and administrative expenses were R$169 million, declining R$
      37 million or 18% from the level of these expenses in 2Q07, already
      reflecting the effort to cut fixed costs initiated by Braskem that was
      announced to the market in 2Q07.
   -- Consolidated net income was R$ 541 million in 9M07, an increase of
      1,331% from the net income of R$ 38 million posted in 9M06.



Full earnings release is available on the Company's IR website: http://www.braskem.com.br/ir

Braskem will be hosting conference calls to discuss 3Q07 Results on November 9, FRIDAY, at 9:00 a.m. ET (English) and 7:00 a.m. ET (Portuguese) and. Please see the Company's IR website for connecting numbers. 

DATASOURCE: Braskem S.A.



CONTACT:  Investors, Luiz Henrique Valverde, [phone],

, or Luciana Paulo Ferreira, [phone],

, or Silvio Nonaka, [phone],

, all of Braskem S.A.



Web site:  http://www.braskem.com.br/ir 

Copyright