MEXICO CITY, July 22 (Reuters) - Mining and transport

conglomerate Grupo Mexico on Monday reported a 34%

increase in net profit during the second quarter, landing above

analysts' forecasts at $1.122 billion.

Revenue for the major global copper producer, which also

operates sprawling freight railroads in Mexico, rose 27% to

total $4.397 billion in the quarter.

Analysts polled by LSEG had forecast a net profit of $952.6

million, from revenues of $4.09 billion.

Grupo Mexico, controlled by billionaire German Larrea,

is one of the world's largest copper producers with mines in

Peru, the United States, Spain and its home base of Mexico,

where it also operates major freight railroads.

Copper production during the quarter totaled 270,747

metric tons, up 4.7% from a year earlier, thanks to more output

from operations in Peru and Mexico.