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METHANEX CORP. ANNOUNCES ITS RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 1992

 METHANEX CORP. ANNOUNCES ITS RESULTS FOR
 THE SIX MONTHS ENDED JUNE 30, 1992
 VANCOUVER, British Columbia, Aug. 18 /PRNewswire/ -- Methanex Corp. (NASDAQ-NMS: MEOHF; Toronto, Montreal: MX) recorded a loss of US$2.3 million (US$0.06 per share) for the six months ended June 30, 1992 compared to earnings of US$1.3 million (US$0.08 per share) for the same period in 1991. The company's 1991 earnings included a loss of US$1.9 million (US$0.12 per share) from discontinued operations. Total revenue amounted to US$50.1 million in 1992, an increase of US$13.9 million from 1991 revenues of US$36.2 million. The company recorded a loss from operations of US$2.1 million in 1992 compared to earnings of US$9.9 million in 1991.
 Methanex recorded US$43.3 million in revenues from its methanol segment in 1992 compared to US$36.2 million in 1991. The company increased its sales volumes by 42.6 million U.S. gallons to 110.9 million U.S. gallons in the six months ended June 30, 1992 as compared to the similar period in 1991. Methanol prices were significantly lower than the comparable period in 1991. These factors resulted in the company recording a loss from operations for the six months ended June 30, 1992 from the methanol segment of US$2.6 million compared to earnings from operations of US$9.9 million in 1991.
 The company's ammonia segment generated US$6.8 million in revenues and US$0.5 million in earnings from operations in 1992.
 These chemical operations recorded cash flow from operations of US$0.8 million (US$0.02 per share) for the six months ended June 30, 1992 compared to US$2.6 million (US$0.16 per share) for the same period in 1991.
 -0- 8/18/92
 /EDITOR'S NOTE: There was also a press release earlier today regarding major corporate developments.
 /CONTACT: Ken E. Vidalin or Ronald J. Russell of Methanex, 604-684-7500/
 (MEOHF) CO: Methanex Corp. ST: British Columbia IN: SU:


EH -- LA013 -- 0862 08/18/92 10:10 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
Words:356
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