February 12, 2020 / 9:49 PM / 5 days ago

Mexico's Alfa reports sharp drop in fourth quarter profit

MEXICO CITY, Feb 12 (Reuters) - Mexican conglomerate Alfa on Wednesday reported an $80 million net profit in the fourth quarter of last year, a fall of two thirds compared to the same quarter a year earlier.

Revenue for the Monterrey-based company, whose portfolio includes petrochemicals, auto parts and refrigerated foods, was down 9% to reach $4.27 billion during the October to December period. (Reporting by Stefanie Eschenbacher; Editing by David Alire Garcia)

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