SAO PAULO, Aug 14 (Reuters) - Brazilian petrochemical

company Braskem reported on Friday a net profit of

3.33 billion reais ($642.9 million) for the April-June quarter,

reversing a net loss of 267 million reais a year earlier, as the

company continues talks with creditors on a capital

restructuring.

* Braskem is Latin America's largest petrochemical firm

* Recurring EBITDA totaled 5.25 billion reais in the second

quarter, compared with 427 million reais a year earlier

* The increase was driven by higher international prices

after the conflict in the Middle East disrupted global raw

material supplies

* Net revenue rose 22% from a year earlier to 21.72 billion

reais

* Santander analysts said a sharp improvement in Braskem's

cash generation and leverage in the quarter

* However, they said negative working capital and tight

liquidity continued to weigh on the outlook

* Braskem said it had received preliminary non-binding

proposals from groups of creditors

* The company is grappling with over $10 billion in debt

across operations in Brazil, Europe and the U.S.

* Reuters reported earlier this week, citing sources, that

the potential out-of-court restructuring could be filed as early

as this month

* Braskem's control is shared between private equity firm

IG4 and Brazilian state-run oil company Petrobras

($1 = 5.1798 reais)