April 30, 2019 / 3:18 PM / a month ago

Mexican state oil company Pemex swings to loss in first quarter

MEXICO CITY, April 30 (Reuters) - Mexico’s Pemex swung to a 35.7 billion peso ($1.8 billion) loss during the first quarter, as sales at the heavily-indebted state oil company slipped in comparison to the same period a year earlier, results posted to the stock exchange showed on Tuesday.

Sales at the company were 356.3 billion pesos during the January-March period, down from 397.4 billion pesos in the same period in 2018, the results showed. Pemex posted a profit of 113.3 billion pesos in the first quarter of last year.

$1 = 19.4120 pesos at end-March Reporting by Ana Isabel Martinez Editing by Dave Graham

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