US Markets

Mexico's Orbia says first quarter net profit down 6.6%

Mexican plastic pipe and chemicals company Orbia on Wednesday reported a 6.6% fall in first-quarter net profit to $44.8 million compared with the same period last year.

MEXICO CITY, April 29 (Reuters) - Mexican plastic pipe and chemicals company Orbia on Wednesday reported a 6.6% fall in first-quarter net profit to $44.8 million compared with the same period last year.

The Mexico City-based conglomerate, formerly known as Mexichem, also reported that revenues fell nearly 8% to $1.6 billion over the same period.

(Reporting by Daina Beth Solomon and Noe Torres)

((daina.solomon@thomsonreuters.com; +52 55 5282 7150;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More