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People & Business :: Earnings/Finance

Mexichem consolidated fourth-quarter results show loss of peso79 million

10:42 AM MST | March 1, 2013 | Francinia Protti-Alvarez

Mexichem's consolidated fourth-quarter results are in line with the preliminary figures released in mid-February. The company announced additionally a 79-million Mexican peso ($6.18 million) loss for the last quarter of 2012, compared with a peso103-million profit realized in the fourth quarter of the year before, despite higher sales and Ebitda. Consolidated sales for the fourth quarter of 2012 rose 38% against the same period the year before, owing in part to the incorporation of pipe manufacturer Wavin (Zwolle, Netherlands), acquired in February 2012, which...

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