Mexichem (Tlalnepantla, Mexico) swung to profit, reporting net income of
$52.8 million during the third quarter compared with a net loss of
$62.8 million in the same period last year, according to the company's
latest unaudited results.
This increase was primarily due to the impact of discontinued operations in the fluorine chain on last year's results. The company's consolidated net income from continuing operations contracted 47% year-on-year (YOY) in the third quarter, to $47.3 million from $88.9 million one year prior.
This increase was primarily due to the impact of discontinued operations in the fluorine chain on last year's results. The company's consolidated net income from continuing operations contracted 47% year-on-year (YOY) in the third quarter, to $47.3 million from $88.9 million one year prior.
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