ALPEK, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 03:09 pm EDT
Share
ALPEK, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 59,750.02 million compared to MXN 41,651.99 million a year ago. Net income was MXN 2,245.33 million compared to MXN 2,219.21 million a year ago. Basic earnings per share from continuing operations was MXN 1.07 compared to MXN 1.05 a year ago. Diluted earnings per share from continuing operations was MXN 1.07 compared to MXN 1.05 a year ago.
For the nine months, sales was MXN 164,024.26 million compared to MXN 111,559.29 million a year ago. Net income was MXN 13,001.19 million compared to MXN 7,155.28 million a year ago. Basic earnings per share from continuing operations was MXN 6.17 compared to MXN 3.39 a year ago. Diluted earnings per share from continuing operations was MXN 6.17 compared to MXN 3.39 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. 
