October 28, 2019 / 4:10 PM / 18 days ago

Mexico's Pemex swings to $4.4 bln loss in third quarter

MEXICO CITY, Oct 28 (Reuters) - Mexico’s Petroleos Mexicanos said on Monday it swung to a net loss of 87.4 bln pesos ($4.43 billion) during the third quarter, dragged down by a sizeable drop in revenues at the heavily indebted state oil company.

Revenues at Pemex, as the company is known, declined by 20.2% to 350.5 billion pesos from the same quarter last year, the company said in a filing with the Mexican stock exchange.

Pemex posted a net profit of 26.8 billion pesos during the third quarter of 2018. ($1 = 19.7205 pesos at end of September) (Reporting by Adriana Barrera; editing by Jonathan Oatis)

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