February 13, 2020 / 2:51 PM / 3 days ago

Mexico's Alfa expects 2020 sales of $17 billion, investments of $902 million

MEXICO CITY (Reuters) - Mexican conglomerate Alfa said on Thursday that it expects 2020 sales of $17.02 billion, down from $17.54 billion last year. It said it will make investments of $902 million this year, versus $920 million in 2019.

The Monterrey-based company on Wednesday reported an $80 million net profit in the fourth quarter of last year, a fall of 66% compared to the same quarter a year earlier.[nL1N2AC1SJ]

Reporting by Anthony Esposito; Editing by Chizu Nomiyama

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