Mexico’s Mexichem reports financial results for Q2
However, net income of the company was up slightly by 2% on a consolidated basis. This weaker growth was due to an increase in deferred tax.
The company’s revenues rose by 3% to $1.5 billion compared to the same period of 2016, due to better PVC prices and rising PVC demand especially in Asia and Europe.
Reports also revealed that Mexichem’s operating profit reached $229 million compared to a loss of $109 million in the same period of 2016. This rise was mainly driven by the same reasons stated above.
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