October 17, 2019 / 8:28 PM / a month ago

Mexican conglomerate Alfa reports double-digit drop in revenue, profit

MEXICO CITY, Oct 17 (Reuters) - Mexican conglomerate Alfa on Thursday reported 1.2 billion pesos of net profit for the third quarter of this year, a 14.1% fall compared to the same quarter a year earlier.

Revenues for the Monterrey-based company, whose portfolio includes petrochemicals, auto parts and refrigerated foods, fell 10.7% to 83.8 billion pesos over the same time.

$1 = 19.7205 pesos at end of September Reporting by Daina Beth Solomon; Writing by Stefanie Eschenbacher

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