UPDATE 1-Mexico's Alfa posts Q2 profit vs loss yr ago

Newswire

(Adds details) MEXICO CITY, July 28 (Reuters) - Mexican industrial conglomerate Alfa said on Monday it posted a 887 million pesos second quarter net profit, reversing last year's losses with currency gains and higher sales from firmer pricing. Alfa , one of Mexico's biggest companies with units that make steel, food, petrochemicals and auto parts, said the 3 percent appreciation of the peso versus the dollar kicked in foreign exchange gains for the bottom line. "Net income was ...

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