February 27, 2019 / 10:08 PM / 8 months ago

Mexichem reports increase in fourth quarter net profit

MEXICO CITY, Feb 27 (Reuters) - Mexican plastic pipe and chemicals company Mexichem on Wednesday reported a 120 percent rise in fourth-quarter profit compared to the same period a year earlier.

The company said net profit was $31.7 million in the quarter, compared to $14.4 million between October and December 2017. Revenues at the company stood at $1.69 billion during the fourth quarter of 2018. (Reporting by Noe Torres Editing by Dave Graham)

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