Mexico's Alfa reports sharp drop in first-quarter profit

MEXICO CITY, April 15 Tue Apr 15, 2014 4:18pm EDT

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MEXICO CITY, April 15 (Reuters) - Mexican conglomerate Alfa said on Tuesday its first-quarter profit fell 35 percent.

The company, which manufactures car parts, petrochemicals and other products, said profit fell to 1.698 billion pesos ($130 million) from 2.631 billion pesos a year earlier.

($1 = 13.06 pesos at end March) (Reporting by Elinor Comlay)

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