World News and Views :: Top of the News
Methanex Reports Higher Earnings, Finalizes Plans for $550 Million Relocation to Louisiana
1:55 PM MDT | July 26, 2012 | Lindsay Frost
Methanex reported net earnings of $52 million for the second quarter of 2012, up 27% from the year-ago quarter. Adjusted net income of $44 million (47 cts/share) was up 13% year-on-year, but fell short of analysts' estimates of 58 cts/share, as reported by Thomson Reuters (New York). Adjusted Ebitda was reportedly $113 million, up 21%. The higher Ebitda was due to higher sales of methanol, the company says. The company had sales of $656 million, up 5% year-on-year. The adjusted net income includes charges for the $550-million relocation of an idle facility in...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee