Page 16 - Julio Ruiz News Today : Breaking News, Live Updates & Top Stories | Vimarsana
El Hoyo: Analizan con las juntas vecinales el Proyecto de Cooperativa Eléctrica
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El Hoyo: especialistas estudian el impacto de los incendios en el suelo
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El Hoyo: Corzo visito la localidad con ayuda de Nación
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El Hoyo: Por los sedimentos del incendio permanece el corte de agua sectores
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A Pemex gas station is seen in Mexico City, January 13, 2015. REUTERS/Edgard Garrido
Petroleos Mexicanos (PEMX.UL) said on Friday its net loss narrowed 93% to $1.8 billion in the first quarter after higher sales, lower imports and tax cuts eased pressure on Mexico s highly indebted state oil company.
The loss of 37.3 billion pesos was down from 562.1 billion pesos in the year-ago quarter, said Pemex, as the company is known, in a filing with the Mexican stock exchange.
Foreign exchange movements, financing costs and derivatives all racked up losses that offset its total income of 317.6 billion pesos ($15.7 billion).
Even so, income was up 12% from the year-ago quarter as sales in Mexico and to other countries grew, and prices recovered.