January 24, 2008 / 5:00 AM / 10 years ago

Methanex Q4 earnings per share rise, but net flat

NEW YORK, Jan 23 (Reuters) - Methanex Corp MX.TO, the world’s largest producer of methanol, on Wednesday reported fourth-quarter net profit that was mostly flat from a year earlier but higher on a per-share basis due to few shares.

The company said its quarterly net profit totaled $171.7 million, or $1.72 per share. That compared with a profit of $172.4 million, or $1.61 cents, in the same period a year earlier.

Revenue in the quarter rose to $731.1 million from $668.2 million.

Methanol markets were tight during the fourth quarter as several outages affected global supply, and demand remained strong despite high pricing, it said. (Reporting by Ritsuko Ando; Editing by Ben Tan)

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