April 29, 2019 / 1:10 PM / 3 months ago

Grupo Mexico net profit rises 22.1 percent in 1st quarter

MEXICO CITY, April 29 (Reuters) - Mexican mining and transport company Grupo Mexico on Monday posted a 22.1 percent increase in net profit during the first quarter compared with the same period a year earlier.

Profit stood at $626.2 million, up from $512.8 million during the January-March period of 2018. First quarter revenues at the company were $2.53 billion, a decline of 5.1 percent from $2.67 billion in the same period in 2018, Grupo Mexico reported. (Reporting by Noe Torres)

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