Mexico homebuilder Geo posts slump in 4th-qtr profit

MEXICO CITY Wed Feb 27, 2013 6:48pm EST

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MEXICO CITY Feb 27 (Reuters) - Mexican homebuilder Geo on Wednesday said net profit in the fourth quarter fell 61 percent.

Profit in the October to December period was 177 million pesos ($14 million) compared to 452 million in the same period in 2011, Geo said in a filing with the Mexican stock exchange.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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