This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Methanex loses $831,000 (U.S.) in third quarter 2009-10-28 05:41 ET - News Release Mr. Jason Chesko reports METHANEX REPORTS THIRD QUARTER RESULTS-METHANOL DEMAND CONTINUES TO IMPROVE
For the third quarter of 2009, Methanex Corp. reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $31-million and a net loss of $800,000 (one cent per share on a diluted basis). This compares with adjusted EBITDA of $24.8-million and a net loss of $5.7-million (six cents per share on a diluted basis) for the second quarter of 2009.
Bruce Aitken, president and chief executive officer of Methanex, commented: "It is pleasing to see the beginning of recovery in our numbers for the quarter. Sales volumes are up 13 per cent from the second quarter of 2009 and realized methanol prices rose about 16 per cent. These results translated into improved EBITDA, cash generation and earnings. However, the quarter was negatively impacted by a number of mostly one-off costs such as stock-based compensation and unplanned outages at our plants in Chile and Trinidad. The remainder is available to Stockwatch subscribers.
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