Mexico's Grupo Carso Q2 hit by industrial slump

Newswire

MEXICO CITY, July 25 (Reuters) - Mexican conglomerate Grupo Carso reported weak second-quarter earnings as expected on Thursday, hit by weak national and global demand for its industrial products, especially cables. One of Mexico's leading conglomerates and part of the business empire of Mexican billionaire Carlos Slim, Carso saw earnings before interest, taxes, depreciation and amortization (EBITDA), a key measure of profitability in Mexico, drop 14.6 percent from the second quarter of ...

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