April 18, 2018 / 8:17 PM / 5 months ago

Mexican conglomerate Alfa posts higher 1st-qtr net profit

MEXICO CITY, April 18 (Reuters) - Mexican conglomerate Alfa posted a 14.4 percent rise in first quarter net profit on Wednesday, compared to the same quarter a year earlier.

The company, which competes in industries from food packaging to car parts to petrochemicals, said profit was 3.554 billion pesos ($194 million), compared to 3.106 billion pesos in the year-earlier quarter.

$1 = 18.303 Reporting by Christine Murray Editing by Anthony Esposito

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