April 24, 2019 / 10:34 PM / 8 months ago

Mexico's Mexichem first quarter net profit falls 39.3%

MEXICO CITY (Reuters) - Mexican plastic pipe and chemicals company Mexichem on Wednesday reported a 39.3 percent fall in first-quarter net profit compared with the same period a year earlier.

The company said net profit was $47.9 million in the quarter, compared with $78.9 million between January and March 2018. Revenues at the company stood at $1.77 billion in the period.

Reporting by Daina Beth Solomon; Editing by Anthony Esposito

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