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


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search