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Grupo Mexico's profit jumps 12 percent

Wednesday, October 29, 2014

Mexican metals miner and railroad operator Grupo Mexico said its third-quarter profit rose 12 percent, as higher sales from its infrastructure and transport units offset falling metals prices.

The company reported a profit of $485 million, up from $434 million in the year-earlier period.

Revenue rose 5.7 percent to $2.459 billion helped by a broad pickup in freight traffic, particularly in the transport of beer and autos, on Grupo Mexico's rail network.

Source: Reuters