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

Pic: Shutterstock

Apparel/Garments | On 21st Oct 2020

Not much gain for Bangla RMG exporters from PRC decision

Despite China offering duty-free market access to 97 per cent of...

Pic: VF Corporation/ The North Face

Apparel/Garments | On 21st Oct 2020

VF Corp reports Q2 FY20 revenue of $2.6 bn

VF Corporation, a leader in branded lifestyle apparel, footwear and...

Pic: Shutterstock

Retail | On 21st Oct 2020

NRF, EuroCommerce to reinforce cooperation on data flow

How to legally transfer customer and employee data across the...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

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


October 2020

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


Advanced Search