ALPEK, S.A.B. de C.V. Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
November 29, 2019 at 06:05 pm EST
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ALPEK, S.A.B. de C.V. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2019. For the nine months, the company reported revenue of MXN 92.6 billion compared to MXN 99.7 billion a year ago. Operating income was MXN 6.5 billion compared to MXN 11.0 billion a year ago. Net income was MXN 3.3 billion or MXN 1.21 per basic share compared to MXN 6.9 billion or MXN 2.75 per basic share a year ago.
For the quarter, the company reported revenue of MXN 29.6 billion compared to MXN 36.8 billion a year ago. Operating income was MXN 2.7 billion compared to MXN 4.4 billion a year ago. Net income was MXN 1.2 billion or MXN 0.46 per basic share compared to MXN 1.9 billion or MXN 0.72 per basic share 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. 
