The state oil company Pemex reported on Wednesday a net profit of 56,752 million pesos (3,149 million dollars) in the first quarter, lower than that of the same period last year, due to a drop in sales, an increase in the impairment of assets and a drop in other revenue, the company said.
In the first quarter of last year, Pemex, the largest company in the country, reported profits of 122.676 million pesos.
Pemex revenues totaled 418,438 million pesos in the first quarter of the year, a drop compared to the 506,794 million reported between January and March 2022.
The state reported a financial debt of 107.4 billion dollars at the end of the first quarter of 2023, compared to 107.7 billion dollars at the end of 2022.
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