Home / Knowledge / News / Textiles / Net loss rises higher at methanol producer Methanex in Q3
Net loss rises higher at methanol producer Methanex in Q3
02
Nov '16
For the three months ended September 30, 2016, net loss at Canadian methanol producer Methanex grew higher at $11 million, compared to a net loss of $3 million in the second quarter of 2016. However, adjusted net loss was down steeply at $1 million for the third quarter of 2016 as against adjusted net loss of $31 million in the previous quarter.

The company posted adjusted EBITDA at $74 million in the reporting quarter of 2016 vis-a-vis $38 million in the earlier quarter.

According to Methanex, the improvement in adjusted EBITDA and adjusted net loss was mainly due to an increase in its average realised price and increased sales of methanol.

“Our average realised price increased to $236 per ton for the third quarter of 2016 from $223 per ton for the second quarter of 2016,” the company explained.

Sales of Methanex-produced methanol stood at record 1,860,000 tons in the quarter under review versus 1,689,000 in the second quarter of 2016.

Cash flows from operating activities in the third quarter of 2016 were $74 million as against $34 million in the prior quarter. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Moments of EPA signing in Tokyo. Courtesy: Twitter handle of Jean-Claude Juncker

Textiles | On 18th Jul 2018

EU and Japan sign Economic Partnership Agreement

European Union and Japan have signed an Economic Partnership...

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: rawpixel.com from Pexels

Textiles | On 18th Jul 2018

Hike in import duty on textile-apparel by India beneficial

The Indian Government’s decision to raise import duty on textile and...

Interviews View All

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search