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Markets :: Basic Chemicals :: Petrochemicals :: Terephthalic acid

Alpek's first-quarter net income down 20%

11:21 AM MDT | April 22, 2013 | Francinia Protti-Alvarez

Alpek (San Pedro Garza García, Mexico) achieved $77 million in net consolidated income during the first quarter of 2013, down 20% on the $96-million income reported during the same period last year. The company's consolidated Ebitda also fell by 18%, to $160 million from $195 million the year before, and first-quarter sales dropped 4%, to $1.83 billion from $1.9 billion in the same period a year earlier. The company's polyester-related activities represented about 78% of total quarterly revenue, returning $1.42 billion in total sales during the first...

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