ALPEK, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 19, 2021
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ALPEK, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 41,652 million compared to MXN 29,310 million a year ago. Revenue was MXN 41,652 million compared to MXN 29,310 million a year ago. Net income was MXN 2,219 million compared to MXN 1,436 million a year ago. Basic earnings per share from continuing operations was MXN 1.02482 compared to MXN 0.662301 a year ago.
For the nine months, sales was MXN 111,559 million compared to MXN 85,280 million a year ago. Revenue was MXN 111,559 million compared to MXN 85,280 million a year ago. Net income was MXN 7,155 million compared to MXN 1,103 million a year ago. Basic earnings per share from continuing operations was MXN 3.484388 compared to MXN 0.441534 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. 
