Orbia Advance Corporation, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 21, 2024 at 06:02 pm EST
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Orbia Advance Corporation, S.A.B. de C.V. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,772 million compared to USD 2,100 million a year ago. Net loss was USD 71 million compared to USD 36 million a year ago.
Basic loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.02 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. 
