Brazil's Braskem reports $157 mln Q4 profit

BRASILIA, March 11 (Reuters) - Brazil's Braskem SA rebounded to a fourth-quarter net profit of 878 million reais ($157 million) boosted by exchange rate moves and domestic sales, the petrochemical producer said in a securities filing on Thursday.

It had posted a loss of 2.9 billion reais a year earlier.

For 2020, its reported an annual net loss of 7 billion reais mainly due to 6.9 billion reais in provisions related to an ongoing environmental disaster in the state of Alagoas, the company said.

($1 = 5.60 reais) (Reporting by Paula Arend Laier; writing by Jamie McGeever; editing by Jason Neely)

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