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View Full Version : Mexichem Reports Fourth-Quarter Loss on Currency - Bloomberg



NewsWhore
02-25-2009, 02:50 PM
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Mexichem Reports Fourth-Quarter Loss on Currency (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Da_IAUwheOKxM%26refer%3Dlatin_america&cid=0&ei=jaGlSZWRJ43QM_TN2McL&usg=AFQjCNG9GxROh5UvlNUKWuiZQV4X6485JQ)
Bloomberg
Mexichem posted the loss after finance costs rose to 2.2 billion pesos in the fourth quarter, from 143 million pesos a year earlier, because of the Mexican currency’s decline. The peso dropped 20 percent versus the dollar in the quarter. ...


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