April 29, 2020 / 11:06 PM / a month ago

Mexico's Orbia says first quarter net profit down 6.6%

MEXICO CITY, April 29 (Reuters) - Mexican plastic pipe and chemicals company Orbia on Wednesday reported a 6.6% fall in first-quarter net profit to $44.8 million compared with the same period last year.

The Mexico City-based conglomerate, formerly known as Mexichem, also reported that revenues fell nearly 8% to $1.6 billion over the same period. (Reporting by Daina Beth Solomon and Noe Torres)

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