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