Mexico's Carso net seen down on taxes, weak industry

Newswire

By Lorraine Orlandi MEXICO CITY, Feb 17 (Reuters) - Mexican conglomerate Grupo Carso is seen posting a 53 percent drop in net profit for the fourth quarter, hit by taxes, financial costs and weakness in the industrial sector, although its construction arm rallied. Five analysts surveyed by Reuters forecast, on average, that Carso's net would be 1.6 billion pesos ($151 million), down from 3.373 billion pesos in the 2004 quarter. Carso , a retail and industrial conglomerate that belongs ...

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