Mexichem, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
February 27, 2019 at 04:59 pm EST
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Mexichem, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was USD 1,689 million compared to USD 1,468 million a year ago. Operating income was USD 122 million compared to USD 162 million a year ago. Net income was USD 32 million compared to USD 14 million a year ago. For the full year, sales was USD 7,198 million compared to USD 5,828 million a year ago. Operating income was USD 935 million compared to USD 708 million a year ago. Net income was USD 355 million compared to USD 194 million a year ago.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
