UPDATE 1-Canada’s Methanex posts Q4 profit

* Q4 EPS $0.28 vs loss/shr $0.04 yr-ago

* Q4 revenue $381.7 mln vs 408.4 mln
(Figures in U.S. dollars)

Jan 28 (BestGrowthStock) – Canada’s Methanex Corp (MX.TO: )
(MEOH.O: ), the world’s largest producer of methanol, reported a
quarterly profit, helped by demand for methanol and higher
energy prices that led to stronger methanol prices.

“In the fourth quarter, we realized an average price of
$282 per tonne which is about $60 per tonne higher than last
quarter,” Methanex Chief Executive Bruce Aitken said in a
statement.

“And, as we enter the first quarter, methanol prices have
continued to firm,” he added.

The company posted a profit of $25.7 million, or 28 cents
per share, compared with a loss of $3.9 million, or 4 cents per
share, in the same quarter a year ago.

Revenue fell 7 percent to $381.7 million in the quarter.

Stock Market Money

(Reporting by Shailesh Kuber in Bangalore; Editing by
Muralikumar Anantharaman)

UPDATE 1-Canada’s Methanex posts Q4 profit