Mexico's Mexichem second-quarter profit drops 51 pct

MEXICO CITY, July 23 Wed Jul 23, 2014 2:26pm EDT

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MEXICO CITY, July 23 (Reuters) - Mexican chemicals and plastic pipe maker Mexichem on Wednesday reported a 50.5 percent decline in second-quarter profit compared to the same period a year earlier.

Mexichem reported a profit of $52.29 million for the three months ended June, compared to $105.57 million a year earlier. (Reporting by Christine Murray; Editing by Bernard Orr)

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