Regions :: North America :: Mexico
Mexichem swings to fourth-quarter loss of $28 million
12:04 PM MST | February 28, 2014 | Clay Boswell
Mexichem (Tlalnepantla, Mexico) reports a net loss of $27.9 million for the fourth quarter of 2013,compared with $14.4 million in the year-ago quarter. Although sales increased 17% year-over-year (YOY) to $1.27 billion, cost of sales increased 31% YOY, reducing gross profit by $35 million....
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