Methanex (TSE:MX) has released an update.
Methanex Corporation reported an increase in first quarter earnings for 2024 with a net income of $53 million, driven by higher methanol prices, which rose to an average of $343 per tonne. The company has also successfully completed the Egypt plant repairs, contributing to operational efficiency. Additionally, Methanex enhanced financial flexibility by renewing and expanding its credit facility, while returning $12.5 million to shareholders through dividends.
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