Reuters

Methanex reports higher second quarter net

Tue Jul 22, 9:43 PM

NEW YORK (Reuters) - Methanex Corp , the world's largest producer of methanol, on Tuesday reported higher net income on strong prices and healthy demand.

Second-quarter net income rose to $38.9 million, or 41 cents per share, from $35.7 million, or 35 cents per share, a year earlier.

In the second quarter, Methanex achieved an average realized price of $412 per metric ton on sales volumes which were up about 10 percent over the first quarter, the company said in a statement.

(Reporting by Helen Chernikoff; Editing by Carol Bishopric)

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