Mexico's Carso net seen up but sales slow

Newswire

MEXICO CITY, July 26 (Reuters) - Mexican conglomerate Grupo Carso is expected to post a 35 percent rise in net profit for the second quarter, due mainly to lower interest payments, with modest sales growth at its industrial and retail operations. Five analysts surveyed this week by Reuters estimated, on average, that Carso's net reached 1.303 billion pesos ($115 million), compared with 963 million pesos in the 2005 quarter, boosted mainly by lower financial expenses as it slashed debt. ...

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