27 de octubre de 2014 / 22:19 / hace 3 años

UPDATE 1-Mexico's Mexichem reports $47.62 million 3rd-qtr profit

2 MIN. DE LECTURA

(Adds revenue, background on acquisitions, share price, paragraphs 3-6)

MEXICO CITY, Oct 27 (Reuters) - Mexican chemicals and plastic pipe maker Mexichem on Monday posted a $47.62 million third-quarter profit, helped by a lower tax bill and higher revenue.

The company reported a loss of $61.65 million in the year-earlier period, when it was hurt by restructuring charges and a dip in revenue and core profit because of lower prices for its cooling gases.

Revenue rose 7.8 percent to $1.43 billion in the June-September period compared with the third quarter of 2013.

In August, Mexichem said it had reached a deal to pay $630 million to buy Tennessee-based plastic pipe maker Dura-Line Corporation from private equity firm CHS Capital.

Earlier in August, Mexichem said it had signed a deal to buy Germany-based Vestolit, a maker of durable plastics used for windows floorings and pipes, for 219 million euros.

Mexichem shares closed flat at 55.76 pesos before it reported its results. ($1 = 13.4235 pesos at end Sept) (Reporting by Gabriel Stargardter; Editing by David Gregorio)

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