Mexichem reports sharp drop in 2nd-qtr profit

MEXICO CITY, July 26 Fri Jul 26, 2013 3:11pm EDT

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MEXICO CITY, July 26 (Reuters) - Mexican chemicals maker Mexichem on Friday reported a sharply lower second-quarter profit.

The company said its quarterly profit fell by almost half to 812 million pesos ($62.6 million) from 1.553 billion pesos in the same period a year earlier.

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