February 11, 2019 / 10:34 PM / 6 months ago

Southern Copper reports $293.2 mln in Q4 net income

LIMA, Feb 11 (Reuters) - Southern Copper Corp said on Monday that it earned $293.2 million in net profit the fourth quarter, compared to a $287.5 million loss it posted in the same period a year earlier.

The company, controlled by Grupo Mexico, said its copper production rose 4 percent in the fourth quarter from the same period in 2017. It added that a 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes. (Reporting by Mitra Taj; Editing by Sandra Maler)

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