Mexichem, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 22, 2019
Share
Mexichem, S.A.B. De C.V. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1,747 million compared to USD 1,785 million a year ago. Operating income was USD 245 million compared to USD 270 million a year ago. Net income was USD 76 million compared to USD 82 million a year ago. For the nine months, sales was USD 5,351 million compared to USD 5,509 million a year ago. Operating income was USD 668 million compared to USD 813 million a year ago. Net income was USD 208 million compared to USD 323 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.