Mexico Mexichem expects Q4 EBITDA to remain flat at $180m

30 January 2014 01:05  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Mexichem expects Q4 2013 earnings before interest, taxes, depreciation and amortisation (EBITDA) to total $180m, in line with profits in the prior-year quarter, the Mexico-based chemical producer said on Wednesday.

Quarterly consolidated sales should total $1.2bn, up by 12% year over year, the company said in a filing with the Bolsa Mexicana de Valores (BMV), the country’s stock exchange.

For the whole of 2013, Mexichem expects to report EBITDA of $895m, down by 7% from 2012, and consolidated sales of $5.1bn, an increase of 8%.

The company did not say when it would release the official quarterly and year-end results.

Mexichem is Latin America’s largest producer of polyvinyl chloride (PVC) resin.

By: Simon West

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