Mexico's Carso Q1 profit falls 11.8 pct

Newswire

MEXICO CITY, April 30 (Reuters) - Mexican conglomerate Grupo Carso posted an 11.8 percent decline in first quarter net earnings, hit by lower sales and higher taxes. Grupo Carso , majority owned by tycoon Carlos Slim, said on Thursday it earned 1.164 billion pesos ($82 million) in the January to March period, compared with a profit of 1.321 billion pesos a year earlier. Quarterly revenue suffered as demand and prices for its copper cable business sank. Total sales fell 5 percent to ...

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