Earnings of Mexico's Carso seen slowing, but solid

Newswire

By Lorraine Orlandi MEXICO CITY, April 26 (Reuters) - Mexican conglomerate Grupo Carso is expected to post moderate first-quarter earnings growth, with net profit flat or slightly down, as a recent recovery in industrial and retail operations stabilizes. Five analysts surveyed by Reuters forecast, on average, that Carso's net would reach 950 million pesos ($85 million), down 2 percent from 972 million pesos in the first quarter of 2004. That compares with a fivefold increase in net ...

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