Mexico miner reports steep drop in fourth-quarter profit

MEXICO CITY, March 4 Tue Mar 4, 2014 11:46am EST

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MEXICO CITY, March 4 (Reuters) - Mexican mining company Industrias Penoles on Tuesday reported a sharply-lower fourth-quarter profit.

The company reported a profit of 152.4 million pesos ($11.6 million), compared to 2.934 billion pesos in the year-earlier period.

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