The state-owned Pemex came out of losses during the first quarter of the year. The high international prices of crude oil led the company to report a net return of 122,494 million pesos, according to the report published this morning.
In its conference call , the company's management also attributed the result to the accession of the Deer Park refinery , whose purchase process was completed on January 20.
The company usually has negative results. During the first quarter of last year, it reported a net loss of 37,358 million pesos.
In a call with analysts, the company's management has also said that the good result for the quarter is due to an increase in the sale of gasoline , diesel and jet fuel as a result of the recovery in economic activity after the height of the coronavirus pandemic. Covid-19.
The state company reported a significant increase in revenue. From January to March it added sales of 506,794 million pesos, a growth of 60% compared to the same quarter a year earlier.
Soon more information…
