(Reuters, 30.Apr.2019) — 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.
Reporting by Ana Isabel Martinez; Editing by Dave Graham
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