ALPEK, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 03:07 pm EDT
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ALPEK, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 47,876.61 million compared to MXN 32,829.79 million a year ago. Net income was MXN 4,697.56 million compared to MXN 2,452.16 million a year ago. Basic earnings per share from continuing operations was MXN 2.23 compared to MXN 1.16 a year ago. Diluted earnings per share from continuing operations was MXN 2.23 compared to MXN 1.16 a year ago.
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
