ALPEK, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
February 15, 2023 at 03:53 pm EST
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ALPEK, S.A.B. de C.V. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 48,411.09 million compared to MXN 44,664.41 million a year ago. Net income was MXN 742.46 million compared to MXN 601.03 million a year ago.
Basic earnings per share from continuing operations was MXN 0.35 compared to MXN 0.28 a year ago. Diluted earnings per share from continuing operations was MXN 0.35 compared to MXN 0.28 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. 
