Mexico’s Orbia reports net loss of $1.66 million in fourth quarter

MEXICO CITY (Reuters) – Mexican plastic pipe and chemicals company Orbia on Wednesday reported a net loss of $1.66 million for the fourth quarter last year, compared with a net profit of $31.7 million in the same quarter a year earlier.

The Mexico City-based conglomerate (ORBIA.MX), formerly known as Mexichem, said its total revenues had fallen by 3.2% to $1.636 billion over the same period.

Reporting by Noe Torres; Writing by Stefanie Eschenbacher; Editing by Sandra Maler

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