MEXICO CITY (Reuters) - Mexico's top brewer Modelo, the maker of Corona beer, posted a 2.3 percent decline in fourth-quarter net profit as exports slumped.

Modelo (GMODELOC.MX: Quote, Profile, Research) said on Thursday its October-December net profit was 1.680 billion pesos ($153 million).

($1 = 10.9195 pesos at end December)

(Reporting by Chris Aspin)