Mexichem sees jump in 1st-quarter sales but drop in EBITDA

April 10 Wed Apr 10, 2013 10:54am EDT

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April 10 (Reuters) - Mexican plastic pipe and chemical maker Mexichem said on Wednesday it expects to report that its first-quarter sales increased 18 percent to 15.471 billion pesos ($1.226 billion).

Presenting its preliminary results, the company said it expects to report quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) of 2.697 billion pesos, down 8 percent from the same period last year.

Mexichem did not say when it will report full first-quarter results.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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