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Mexico’s Pemex announces results for Q2

by ChemOrbis Editorial Team -
  • 28/07/2017 (22:27)
According to a release on the company’s website, Mexico’s Pemex announced its financial results for the Q2 of 2017. According to the release the company’s net profit fell by 63% to 32.8 billion Peso ($1.84 billion) compared to 87.9 billion Peso ($4.95 billion) in the previous quarter. In the same period of last year, the company had reported a loss of 83.5 billion Peso ($4.70 billion).

The company’s operational income; however, fell 42% to 71.5 billion Peso ($4.03 billion)to in Q2 on a yearly basis, while its revenue rose by 26% to 322.5 billion Peso (18.17 billion) on the year.

Meanwhile, the company’s debt fell by 8.1% to 1.823 billion Peso ($102 million) due to the depreciation in the US dollar.
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