BUTANTA, Brazil (AP) _ Braskem SA (BAK) on Thursday reported a loss of $262.9 million in its third quarter.

The Butanta, Brazil-based company said it had a loss of 66 cents per share.

The petrochemical company posted revenue of $2.98 billion in the period.

Braskem shares have fallen 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.60, a fall of 41% in the last 12 months.

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