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Mexico’s Mexichem announces financial results for Q3

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/10/2017 (17:24)
According to a release on the company’s website, Mexico’s Mexichem announced its financial results for the third quarter of 2017.

Mexichem’s net profit fell by 62.5% to $61 million in the third quarter of the year from $161 million in the same period of 2016. The company’s EBITDA also decreased by 37% and reached $297 million from $468 million of the same period of last year.

The decreases were reportedly attributed to the issues that Mexichem faced in the wake of Hurricane Harvey’s impact on the Gulf Coast.

The company’s revenue, on the other hand, increased 8% to $1.5 billion compared to the same period of last year.
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