Loss of BASF last year in Brazil is the highest since 2001

According to data from the newspaper Valor Econômico, the chemical group BASF closed the year of 2015 with worst result since 2001, when the loss reached R$ 261.5 million or US$ 112.7 considering the exchange rate of the time. The loss of BASF in Brazil last year was also influenced by the dollar variation of R$ 388.2 million, according to info published recently, which is equivalent to almost US$ 100 million by the end of December. In 2014, the loss was equivalent to R$ 77.6 million.

The company paid a bill of the Real devaluation of R$ 645.6 million at the form of liquid financial expenditures, 70% above of 2014. In the end of December, the short-term debt was almost R$ 2 billion comparing to R$ 1 billion of the previous year – the highest in the last years.

The operational side was also bad. The revenue has grown 8%, equivalent to R$ 8.66 billion, but the costs overcame that value, which left the gross profit in the same level of 2014. The operational profit fell 44% to R$ 165.4 million.