Mexico's Vitro Posts 94 pct Jump In Quarterly Net

Date: 12 March 2007

Leading Mexican glass maker Vitro posted a 94 percent jump in fourth-quarter profit on Monday, buoyed by an asset sale and lower financial costs.

Vitro said its bottom line for the October-December period was 363 million pesos ($34 million), compared to 187 million pesos in the year-ago quarter.

In December, Vitro sold one of its properties in a program to reduce its weighty debt.

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Reuters.com

2007-03-12T12:00:00

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