09:30 AM EST - Methanex Corp. : reported fourth quarter 2008 net loss of US$3.1 million or US$0.03 per diluted share, compared to a net income of US$171.7 million or US$1.72 per diluted share in the year-ago quarter. The company attributed its quarterly loss to slowdown in the global economy that led to a significant decline in methanol demand, which in turn resulted in lower sales volumes and a sharp drop in methanol prices that triggered a writedown in the value of our inventories. Revenue for the quarter was US$408.38 million, versus US$731.06 million in the same period last year. Analysts polled by First Call/Thomson Financial expected the company to report earnings for the quarter of US$0.34 per share on US$436.34 million revenue. Methanex Corp.
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