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CORRECTED-Slim's Frisco posts 2nd-quarter net profit
July 25, 2012 / 10:05 PM / 5 years ago

CORRECTED-Slim's Frisco posts 2nd-quarter net profit

(Corrects quarter in first paragraph)

MEXICO CITY, July 25 (Reuters) - Mexican billionaire Carlos Slim’s mining company Minera Frisco said on Wednesday net profit in the second quarter jumped from a previous loss, boosted by foreign exchange bets and a lower loss from metals hedges.

Earnings rose to 299 million pesos ($22 million) in the second quarter of 2012, up from a 325 million peso loss in the same period last year, the company said in a filing with the Mexican stock exchange.

Minera Frisco said revenues in the quarter were 2.29 billion pesos. ($1=13.3396 pesos) (Reporting by Mica Rosenberg)

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