* Southern Copper reports Q1 profit of $478.4 million
* Quarterly net sales rose 31 percent to $1.6 billion
LIMA, April 19 (Reuters) - Southern Copper Corp (SCCO.N) posted a first-quarter net profit of $478.4 million, up 25 percent from the same quarter last year, as sales volume and copper prices rose.
Sales totaled $1.6 billion in the first quarter versus $1.22 billion a year before, the company said late on Monday.
Southern Copper, one of the world’s largest copper producers, is an affiliate of Mexican miner Grupo Mexico (GMEXICOB.MX) and normally reports earnings before its parent company, which reported Tuesday morning. [ID:nN19282273]
Southern Copper operates the Toquepala and Cuajone mines and the Ilo refinery in Peru, the world’s third-largest copper producer. (Reporting by Teresa Cespedes; Writing by Luis Andres Henao; Editing by Gerald E. McCormick)