Mexico's Carso Q1 net down in industry slump

Newswire

MEXICO CITY, April 29 (Reuters) - Mexican retail and industrial conglomerate Grupo Carso posted a 46 percent fall in first-quarter net profit on Tuesday as a cloudy industrial environment again dampened operating results. Carso said its first quarter net profit was 459 million pesos, compared with 849 million pesos in the first quarter of 2002. The result was below expectations as the average forecast in a Reuters poll of analysts saw Carso's net profit dropping 40 percent to 507 million ...

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