MEXICO CITY, July 28 (Reuters) - Mexican plastic pipe and chemicals company Orbia on Tuesday reported a net profit of $10.2 million for the second quarter, an 88% drop from the $84.0 million it posted during the same period a year earlier.
The Mexico City-based conglomerate ORBIA.MX, formerly known as Mexichem, said its revenues dropped to $1.412 billion from $1.839 billion in the same quarter a year earlier.
(Reporting by Abraham Gonzalez; Writing by Anthony Esposito)
((anthony.esposito@tr.com; +5255 5282 7140;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.