Orbia Advance Corporation, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 09:45 pm
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Orbia Advance Corporation, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 2,242.696 million compared to USD 1,412.374 million a year ago. Operating income was USD 410.195 million compared to USD 126.083 million a year ago. Net income was USD 192.641 million compared to USD 10.184 million a year ago. Basic earnings per share was USD 0.11 compared to USD 0.02 a year ago. For the half year, sales was USD 4,156.713 million compared to USD 3,038.741 million a year ago. Operating income was USD 715.392 million compared to USD 297.954 million a year ago. Net income was USD 334.025 million compared to USD 54.946 million a year ago. Basic earnings per share was USD 0.19 compared to USD 0.06 a year ago.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
